CIBC Mellon to provide asset servicing for Concordia
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CIBC Mellon to provide asset servicing for Concordia 26 April 2012Toronto Reporter: Justin Lawson
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CIBC Mellon has been selected to deliver asset servicing solutions for the Concordia University Pension Plan and the Concordia University Foundation. CIBC Mellon will provide Concordia University with custody, accounting, benefit payment services, securities lending, performance and risk analytics, and real-time access to investment information via Workbench, CIBC Mellon’s online information-delivery portal.
“We were very impressed by CIBC Mellon’s products and technology, with their ability to deliver efficiencies, and with their capability to support us in mitigating risk across our financial reporting and governance needs,” said Marc Gauthier, university treasurer, Concordia University. “We chose CIBC Mellon because we believe they are the asset servicing provider best positioned to meet both our current and future needs.”
“We are very pleased to add Concordia University’s pension plan and Foundation to our roster of satisfied clients,” said Tom Monahan, president and chief executive officer, CIBC Mellon. “We look forward to exceeding Concordia’s expectations for client service, technology and execution so they can focus on delivering great results for Concordia’s employees, pensioners and Foundation.”
The Concordia University Pension Plan and the Concordia University Foundation have combined assets in excess of $825 million.
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