CIBC Mellon Trust Company
About the Company
Canada is known for its back bacon and poutine, but this company hopes the country becomes just as well-known for its Mellon. ServingÊsome 1,200 institutional clients,ÊCIBC MellonÊperforms asset servicing functions such as cash management, fund accounting, pension fund administration, benefit payment services, and securities lending through CIBC Mellon Trust and CIBC Mellon Global Securities Services. CIBC MellonÊhasÊaround C$1 trillion of assets under administration. Established in 1996, the companyÊis a joint venture between Canadian Imperial Bank of Commerce (CIBC) and The Bank of New York Mellon. The US firm is buying out the Canadian company’s 50% stake in the unit for an undisclosed sum.