CIBC Mellon has been kept as the asset servicing provider for the Halifax Herald Limited, publisher of The Chronicle Herald newspaper.
CIBC Mellon will continue to provide custody, accounting and benefit payment services for the Halifax Herald's pension plan. The Halifax Herald will also receive online investment information delivery via CIBC Mellon's Workbench platform.
"CIBC Mellon has been dependable, responsive and tightly focused on our needs, especially through some significant organisational changes over the last year," said Ian Scott, vice president of operations, Halifax Herald Limited.
"We conducted a full review of our options before reaffirming that CIBC Mellon's outstanding investment servicing technology and dedicated local service model make them the best choice for us and for our pension plan members."
"The Halifax Herald Limited is deeply committed to Atlantic Canada and to delivering strong, accurate and responsible reporting to those who depend on its work—values we very much share here at CIBC Mellon" said Jeff Alexander, director, business development and relationship management, Atlantic region, CIBC Mellon.
"We are proud to continue our partnership with this storied institution, and we look forward to continuing to support them as they work for the plan members and pensioners."
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