CIBC Mellon

In 1998 it seemed that CIBC Mellon would be acquiring the Pacific Corporate Trust Company of Vancouver, British Columbia. That deal eventually fell through, and it was subsequently acquired by Computershare Limited in 2005.[11][12]

On October 8, 2009, CIBC Mellon announced the acquisition of the unitholder recordkeeping and fund administration business of Felcom Data Services Inc., a wholly owned subsidiary of Jovian Capital Corporation, for a purchase price of approximately C$4.2 million. CIBC Mellon indicated that they would offer employment to the majority of employees involved in the business lines acquired.[13]

On November 1, 2010, CIBC Mellon sold its issuer services business (stock transfer and employee share purchase plans) to Canadian Stock Transfer Company, Inc.[14]

The current leadership team (as of 2018) comprises the following:[15]

• Steven R. Wolff, president and chief executive officer
• Richard Anton, senior vice president and chief operations officer
• Rob Ferguson, senior vice president, capital markets and shareholder relations
• Claire Johnson, senior vice president, product initiatives
• Karen Rowe, chief financial officer
• Bill Graves, chief technology and data officer
• Jeffrey Alexander, head of relationship management
• Paul Cunliffe, head of corporate communications and marketing
• Kelly Hastings, chief risk officer
• Shane Kuros, head of relationship development, Canada
• Tedford Mason, general counsel
• Maple Tam, chief human resources officer
• Catherine Thrasher, strategic client solutions and global risk solutions, CIBC Mellon and BNY Mellon

• Douglas Nowers, 1996–1998
• Thomas C. MacMillan, 1998–2009
• Thomas Monahan, 2009–2016[16]

The current board of directors (as of 2018) comprises the following:[17]

• Daniel Smith, chairman, CIBC Mellon boards of directors and executive vice president, head of Americas asset servicing, BNY Mellon

CIBC Mellon Global Securities Services Company

• Anne-Marie Dunn, senior vice-president, talent acquisition and development, human resources, CIBC
• John Ferren, senior vice-president and CFO, Canadian personal and small business banking, CIBC
• Jeffrey Graham, partner, Borden Ladner Gervais LLP
• Daniel Kramer, executive vice president, BNY Mellon Investment Services, and global head of client service delivery, BNY Mellon
• Susan Rimmer, managing director and head, global corporate banking, CIBC World Markets Inc.
• James Slater, executive vice president and global head of securities finance, BNY Mellon
• Geoffrey Weiss, senior vice-president, deposits and product analytics, CIBC

CIBC Mellon Trust Company

• Thaddeus Duchnowski, managing director, global client management, BNY Mellon
• Anne-Marie Dunn, senior vice-president, talent acquisition and development, human resources, CIBC
• John Ferren, senior vice-president and CFO, Canadian personal and small business banking, CIBC
• David Gillespie, senior vice president of capital markets and wealth management operations, CIBC
• Jeffrey Graham, partner, Borden Ladner Gervais LLP
• Daniel Kramer, executive vice president, BNY Mellon Investment Services, and global head of client service delivery, BNY Mellon
• Susan Rimmer, managing director and head, global corporate banking, CIBC World Markets Inc.
• James Slater, executive vice president and global head of securities finance, BNY Mellon
• Geoffrey Weiss, senior vice-president, deposits and product analytics, CIBC
• Steven Wolff, president and CEO, CIBC Mellon

• Richard E Venn, until 2009
• Thomas C. MacMillan, until 2012
• Samir Pandiri, until 2018

In 1998, Alnoor Jiwan, a manager in CIBC Mellon's Vancouver office, was approached by Pay Pop Inc. and asked whether CIBC Mellon could issue Pay Pop Inc. shares without the required disclaimer which stated that the securities were not registered with the SEC.

It was alleged by the SEC, in the subsequent investigation, that Mr Jiwan knew that the securities were not registered, but agreed to act as the transfer agent (in order to issue the stock certificates) in return for 820,000 Pay Pop shares. The SEC subsequently cited CIBC Mellon for acting as an unregistered broker and transfer agent, and for offering to sell unregistered securities in addition to alleging that the company was uncooperative in the investigation.

Alnoor Jiwan was subsequently terminated for cause from CIBC Mellon, following the company's discovery of the transactions, and simultaneously ceasing all dealings with Pay Pop Inc.[18]

CMTC agreed to pay a civil monetary penalty of US$5 million and disgorgement of $889,773 and prejudgment interest of $140,270.

CMTC was permanently enjoined from prescribed violations of Securities Act Section 5, Exchange Act Section 10(b) and Rule 10b-5, Exchange Act Section 15(a), Exchange Act Section 17A(c)(1), and from aiding and abetting future violations of Exchange Act Section 10(b) or Rule 10b-5.

Payment was made on March 4, 2005. CMTC also consented, without admitting or denying the SEC complaint's allegations, to the entry of an SEC administrative order based on the final judgment on March 2, 2005. Pursuant to the order, CMTC was censured and agreed to an undertaking to engage an independent consultant to review its relevant businesses and procedures.[19]

In 2004, a long-term employee of CIBC Mellon was terminated, after it had been discovered that they had been disclosing institutional holdings in certain companies to unidentified parties in return for gifts. It was reported that the employee had received hockey and baseball tickets as well as up to $100 in cash for tips on big investors who owned specific stocks.

The disclosures were discovered when a temporary worker received a request for data through an email. The subsequent investigation, which included reviewing phone and email records, discovered that the employee had been disclosing information for years.[20]

In 2003, CIBC paid out $80 million in charges for complicity with its involvement with Enron. While the involvement was not related to CIBC Mellon, as CIBC is a majority stakeholder, it was required that it be reported on the TA-1 to the SEC.[19]