The mandate totalled $60bn in assets. Technology, cost and best execution won it for CIBC Mellon, and the bank’s expertise is now well appreciated.
CIBC Mellon is also notable for its capacity for innovation. Workbench is its internet-based product for institutional clients and their investment managers: an integrated site on the web where clients access CIBC Mellon information. Another innovation is Dashboard, an enhanced graphic capability provision and quick view of the portfolio and general market information. The enhanced Workbench express further strengthened CIBC Mellon’s claim to innovative prowess.
Jim Palermo, CIBC Mellon vice-chairman, president of Mellon Global Securities Services, says: “We continue to build on our strong market positions in corporate pensions, public funds, and endowments and foundations. Looking ahead, I believe that the custodians who make the correct decisions on technology investments and creating value-added products will be the ones that will excel in the future.”
