CIBC Mellon Global Securities Services Company announced Monday that it is the number one provider of global custody services in Canada, according to the 2010 R&M Consultants Global Custody Survey.

“In the 2010 survey CIBC Mellon made significant gains over previous years,” said Richard Hogsflesh, managing director, R&M Consultants. “As a result of their continuous improvement, CIBC Mellon now assumes first place in the intensely competitive Canadian global custody market.”

“We thank our clients for ranking us so highly in this important independent assessment of service quality,” said Thomas S. Monahan, president and chief executive officer, CIBC Mellon. “We attribute our success to our commitment to operational excellence and proactive client service, backed by a robust global technology platform.”

The annual R&M Consultants Global Custody Survey ranks the quality of global custody services by collecting feedback from investment managers and institutional investors around the world.

RBC Dexia Investor Services ranked number two in Canada and in the rest of the world, according to the survey.

RBC Dexia also moved to second position in the survey’s overall ranking, up from third last year.

IE