CIBC Mellon
Canadian online brokerage / From Wikipedia, the free encyclopedia
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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.
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Company type | Joint Venture |
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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 |
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]