CIBC Mellon Sells its Issuer Services Business

On November 1, 2010, CIBC Mellon sold its issuer services business to Canadian Stock Transfer Company Inc., a business of Pacific Equity Partners of Sydney, Australia. Financial terms were not disclosed.

CIBC Mellon was represented in-house by Mark Hemingway, Linda Whitfield and Pierre Tellis, Counsel. CIBC Mellon was advised by Blake, Cassels & Graydon LLP, with a team led by Cheryl Satin and including Waleska Vernon (corporate); Paul Belanger (financial services regulatory); Abdul-Basit Khan, (labour and employment); Jeremy Forgie (benefit administration/custody); Allan Gelkopf (GST); Christine Ing (IT); Sean Maxwell (pension & benefits); Deborah Salzberger (competition) and Chris Van Loan (tax).

Canadian Stock Transfer was represented in-house by David Brill, Senior Vice President and General Counsel, and advised by Baker & McKenzie LLP, with a team led by Nurhan Aycan, and including Greg McNab and Jake Irwin (corporate); Cheryl Elliott and Jeremy Hann (labour and employment); Donna Walwyn (pensions); Arlan Gates (competition) and Randy Schwartz (GST); and by Stephen Clark and Kashif Zaman (financial services regulatory) of Osler, Hoskin & Harcourt LLP.