Press Release

City of Surrey selects CIBC Mellon as asset servicing provider of choice

Toronto, July 7, 2008  - Today, CIBC Mellon Global Securities Services announced its appointment by the City of Surrey to provide asset servicing and accounting support for its investment book of business.

“We chose CIBC Mellon as our asset servicing provider due to their excellent client service model,” said Vivienne Wilke, general manager, finance and technology. “Their exceptional technology, specifically Workbench, gave us the confidence to know that they could meet our evolving asset servicing and accounting needs.”

“We are pleased to be the City of Surrey’s service provider of choice providing asset servicing and accounting support,” said Thomas C. MacMillan, president and chief executive officer, CIBC Mellon.  “I am confident that our unique technology solutions and dedication to superior client service will allow us to help the City meet its current and future objectives.”

CIBC Mellon is 50-50 jointly owned by Canadian Imperial Bank of Commerce and The Bank of New York Mellon Corporation.  CIBC Mellon Global Securities Services Company is a leading provider of financial services for institutions and corporations, providing superior asset servicing, multicurrency accounting, information delivery, securities lending and foreign exchange services in Canada. CIBC Mellon is part of BNY Mellon Asset Servicing, which has more than US$ 23 trillion in assets under custody and administration.    

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Contact: Cheryl Ficker, director, corporate affairs, CIBC Mellon 416-643-6368