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Hub AI
CIBC Mellon AI simulator
(@CIBC Mellon_simulator)
Hub AI
CIBC Mellon AI simulator
(@CIBC Mellon_simulator)
CIBC Mellon
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 (CMTC) and CIBC Mellon Global Securities Services Company (CMGSS).
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. 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).
CIBC Mellon's head office is in Toronto. There are satellite offices in various locations throughout Canada.
CIBC Mellon was founded in 1996, after CIBC entered into a 50-50 joint venture with Mellon Financial Corporation in a 50-50 joint venture named CIBC Mellon Global Securities Services (CMGSS); the new company was designed to serve Canadian institutional investors with domestic and global assets, and also serve foreign financial institutions investing in Canada. The following year, 1997, CIBC also purchased a 50% stake in The R-M Trust Company from Mellon, and this became CMGSS's sister company, CIBC Mellon Trust Company (CMTC).
In 1997, CIBC Mellon acquired the Pension and Institutional Trust businesses from Canada Trust.
In 1999, the firm acquired the global custody business from the Bank of Montreal.
In 2002, CIBC Mellon acquired, from TD Financial Group, their third-party investment fund custody business.
In 2009, CIBC Mellon acquired the unit-holder record-keeping and fund administration business of Felcom Data Services Inc., a wholly owned subsidiary of Jovian Capital Corporation, for a purchase price of approximately C$4.2 million.
CIBC Mellon
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 (CMTC) and CIBC Mellon Global Securities Services Company (CMGSS).
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. 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).
CIBC Mellon's head office is in Toronto. There are satellite offices in various locations throughout Canada.
CIBC Mellon was founded in 1996, after CIBC entered into a 50-50 joint venture with Mellon Financial Corporation in a 50-50 joint venture named CIBC Mellon Global Securities Services (CMGSS); the new company was designed to serve Canadian institutional investors with domestic and global assets, and also serve foreign financial institutions investing in Canada. The following year, 1997, CIBC also purchased a 50% stake in The R-M Trust Company from Mellon, and this became CMGSS's sister company, CIBC Mellon Trust Company (CMTC).
In 1997, CIBC Mellon acquired the Pension and Institutional Trust businesses from Canada Trust.
In 1999, the firm acquired the global custody business from the Bank of Montreal.
In 2002, CIBC Mellon acquired, from TD Financial Group, their third-party investment fund custody business.
In 2009, CIBC Mellon acquired the unit-holder record-keeping and fund administration business of Felcom Data Services Inc., a wholly owned subsidiary of Jovian Capital Corporation, for a purchase price of approximately C$4.2 million.