CIBC Mellon to provide asset management services for Mackenzie
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CIBC Mellon to provide asset management services for Mackenzie 29 November 2023Canada Reporter: Lucy Carter
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Mackenzie Investments, an IGM Financial company, has selected CIBC Mellon for enhanced asset management services.
Global middle-office solution OnCore will be integrated into Mackenzie’s existing business applications, enabling enterprise growth. The service will be administered by BNY Mellon.
Continuing its digital transformation journey, Mackenzie’s global investment management team will benefit from a range of middle-office functions, increased scalability and improved functionality.
Through the partnership, Mackenzie will also gain access to BNY Mellon’s Eagle Data Management platform, Data Vault and Data Managed Services products, which offer data and analytical reporting.
Mal Cullen, CEO of CIBC Mellon, comments: “I look forward to the strategic benefits and innovative opportunities made possible by this expanded collaboration. Our shared commitment to excellence, client-centricity, and technological advancement positions Mackenzie for continued success in the ever-evolving financial landscape.”
Luke Gould, president and CEO of Mackenzie Investments, says: “We’re delighted to be working with CIBC Mellon to enhance our investment management operations, enabling us to continue to deliver strong outcomes for our clients.
“By adopting BNY Mellon’s OnCore platform and data management solutions, our investment professionals will be supported with even greater access to the information, tools and flexibility they use to optimise their investment decisions.”
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