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CIBC Mellon
Company type
Joint Venture
Industry
Financial services
Founded
Toronto, Ontario, Canada (1996 (1996))
Headquarters
Toronto, Ontario
,
Canada
Number of locations
6 Offices (2009)
Area served
Canada
Key people
Mal Cullen, president and CEO Daniel J. Smith, chairman[1]
Services
Asset Servicing
Owner
50% CIBC; 50% BNY Mellon
Number of employees
1,800
Divisions
CIBC Mellon Trust Company (CMTC) and CIBC Mellon Global Securities Services Company (CMGSS)
Website
CIBCMellon.com
Footnotes / references CMTC and CMGSS are sister companies to each other
CIBC Mellon is a joint venture founded in 1996 between the Canadian Imperial Bank of Commerce (CIBC) and then Mellon Financial Corporation to offer asset servicing to institutional investors. Based in Toronto, Ontario, Canada, it comprises two sister companies, CIBC Mellon Trust company and CIBC Mellon Global Securities Services Company.
On 16 February 2010, The Wall Street Journal reported that BNY Trust Co. of Canada would be acquiring the corporate trust assets of CIBC Mellon.[2]
On 28 July 2010 it was reported that Pacific Equity Partners would acquire CIBC Mellon Trust Company's issuer services business (stock transfer and employee share purchase plan).[3]
^"CIBC Mellon Names Daniel J Smith Chair of CIBC Mellons Boards of Directors".
^Van Hasselt, Caroline (16 February 2010). "Canada's BNY Trust to Buy CIBC Mellon's Corporate Trust Business: Sources". Wall Street Journal. Retrieved 16 February 2010. [dead link]
^"CIBC Mellon and Pacific Equity Partners Sign Agreement for Purchase of Issuer Services Business". Archived from the original on 2010-12-29. Retrieved 2010-07-28.
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