Toronto, Ontario--(Newsfile Corp. - February 24, 2025) - Mal Cullen, Chief Executive Officer, CIBC Mellon ("Company"), joined Lara Donaldson, President and Chief Executive Officer of TSX Trust, TMX Group, to open the market and celebrate the Company's milestone of surpassing $3T in AUA.
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CIBC Mellon is a Canadian company exclusively focused on the investment servicing needs of Canadian institutional investors and international institutional investors into Canada. Founded in 1996, CIBC Mellon is 50-50 jointly owned by The Bank of New York Mellon (BNY) and Canadian Imperial Bank of Commerce (CIBC). CIBC Mellon's investment servicing solutions for institutions and corporations are provided in close collaboration with our parent companies, and include custody, multicurrency accounting, fund administration, recordkeeping, pension services, exchange-traded fund services, securities lending services, foreign exchange processing and settlement, and treasury services.
As at December 31, 2024, CIBC Mellon had more than C$3 trillion of assets under administration on behalf of banks, pension funds, investment funds, corporations, governments, insurance companies, foreign insurance trusts, foundations and global financial institutions whose clients invest in Canada. CIBC Mellon is part of the BNY network, which as at December 31, 2024, had US$52.1 trillion in assets under custody and/or administration. CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY trade-marks, and is the corporate brand of CIBC Mellon Trust Company.
MEDIA CONTACT:
Alexandra DeCata, Manager
Corporate Communications and Marketing, CIBC Mellon
Alexandra.decata@cibcmellon.com
416 -643-6126
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242198
SOURCE: Toronto Stock Exchange
