Canadian Alternatives Manager Appoints CIBC Mellon

Arrow Capital Management has selected CIBC Mellon as its asset servicing provider.

CIBC Mellon will deliver custody, accounting and information-delivery services for Arrow Capital’s family of actively-managed investment funds, as well as asset servicing support for Arrow Capital’s expansion into retail mutual funds for Canadian investors.

“With the recent acquisition of BluMont Capital, we sought to consolidate custody and fund accounting with a single best-in-class provider,” says Robert Maxwell, managing director CFO, Arrow Capital. “We chose CIBC Mellon for their responsive client service in the Canadian market, robust technology and global market access through BNY Mellon. We are looking forward to leveraging their solutions as we continue to build success for our investors.”

“We are pleased to welcome Arrow Capital Management as a CIBC Mellon client, and we look forward to serving them as they continue to expand their offerings to Canadian investors,” said Shane Kuros, vice president and head of Sales, CIBC Mellon.

“The timing of this announcement with CIBC Mellon fits perfectly with Arrow Capital’s expanding platform of funds as we recently launched equity and fixed income offerings managed by Veronika Hirsch of Arrow Capital and Mike MacBain of East Coast”, commented Mark Purdy, managing director and CIO, Arrow Capital.