Canadian University Selects CIBC Mellon For Asset Servicing

The University of Prince Edward Island (UPEI) has chosen CIBC Mellon to provide asset servicing for the university’s endowment funds and employees’ pension plan. CIBC Mellon’s services for UPEI will include custody, fund accounting and pension benefit payments and reporting.

“After a rigorous review, we concluded that CIBC Mellon’s asset servicing offering was the best choice for UPEI,” said Jackie Podger, vice president, administration and finance, University of Prince Edward Island, “CIBC Mellon certainly deserves its strong reputation among Canadian colleges and universities: the company has great people, a great local service model and a true commitment to delivering outstanding solutions.”

UPEI will have online access to their investment data through CIBC Mellon’s Workbench platform, which offers real-time custody reporting among other services. UPEI will also have access to global markets through the BNY Mellon network.