CIBC Mellon Global Securities Services Company has been appointed by Morguard Financial Corporation to provide fund administration, unit-holder record keeping, global custody and foreign exchange services for the company’s new pooled funds.
“We are pleased to offer clients access to our real estate investment expertise in a pooled fund structure. In CIBC Mellon, we found a provider that could facilitate an efficient fund launch with minimum risk. CIBC Mellons commitment to supporting our business with proactive service, superior technology and industry expertise gives us great peace of mind,” says Charles Dillingham, vice president and portfolio manager, Morguard Financial.
“We are pleased to be Morguards service provider of choice as they diversify their product range. We seek to provide our clients the best possible solution by leveraging our broad product capability, strength in technology and industry expertise,” adds Thomas C. MacMillan, president and chief executive officer, CIBC Mellon,
Since the company was established in 1975, Morguard has grown into one of Canada’s leading real estate investment and management companies, with more than $7.9 billion in assets under management.