TORONTO, April 13, 2015 – CIBC Mellon, a Canadian leader in asset servicing, announced today that Samir Pandiri, Executive Vice President and CEO, Asset Servicing, BNY Mellon, has joined the Boards of Directors of CIBC Mellon Global Securities Services Company and CIBC Mellon Trust Company, and will serve as Chair of both Boards. Mr. Pandiri assumed his role as Chair on April 1, 2015. Vincent V. Sands, Executive Vice President, Asset Servicing, BNY Mellon, stepped down as Chair and as a member of CIBC Mellon’s Boards on the same date.
Pandiri joined BNY Mellon in 2005. Prior to his appointment as CEO of Asset Servicing, Pandiri served as CEO of Asset Servicing in the Americas and CEO of BNY Mellon’s Alternative Investment Services businesses. He is a member of BNY Mellon’s Operating Committee; the Europe, Middle East and Africa Management Committee; and is also a member of the company’s Global Diversity and Inclusion Council. Pandiri holds B.S and M.S. degrees in Chemical Engineering and an M.B.A. in Finance, all from Columbia University, New York.
“With overall responsibility for BNY Mellon’s global asset servicing business, Samir brings tremendous expertise and insights regarding the needs of the most sophisticated pension fund, financial services, and investment management clients,” said Tom Monahan, President and CEO of CIBC Mellon and member of the Board of Directors for CIBC Mellon Trust Company. "His leadership of our Boards will be a great asset as CIBC Mellon continues to deliver global solutions in Canada with client-focused service excellence.”
CIBC Mellon Global Securities Services Company has eight directors and CIBC Mellon Trust Company has nine. The Boards of Directors comprise the same representatives, with the exception of Tom Monahan, President and CEO of CIBC Mellon, who is a Director of CIBC Mellon Trust Company only. CIBC Mellon is the corporate brand of CIBC Mellon Trust Company and CIBC Mellon Global Securities Services Company and may be used as a generic term to reference either company or both companies collectively. A full list of directors is on CIBC Mellon’s website.
About CIBC Mellon
CIBC Mellon is a Canadian company exclusively focused on the investment servicing needs of Canadian institutional investors and international institutional investors into Canada. Founded in 1996, CIBC Mellon is 50-50 jointly owned by The Bank of New York Mellon (BNY Mellon) and Canadian Imperial Bank of Commerce (CIBC). CIBC Mellon's investment servicing solutions for institutions and corporations are provided in close collaboration with our parent companies, and include custody, multicurrency accounting, fund administration, recordkeeping, pension services, securities lending services, foreign exchange settlement and treasury services. As at March 31, 2015, CIBC Mellon had more than CAD$1.5 trillion of assets under administration on behalf of pension funds, investment funds, corporations, governments, insurance companies, foreign insurance trusts, foundations and global financial institutions whose clients invest in Canada. CIBC Mellon is part of the BNY Mellon network, which as at December 31, 2014 had USD$28.5 trillion in assets under custody and/or administration and USD$1.7 trillion in assets under management.
For more information – including CIBC Mellon's latest knowledge leadership on issues relevant to institutional investors active in Canada – visit www.cibcmellon.com or follow us on Twitter @CIBCMellon.