CIBC Mellon Global Securities Services Company has been appointed by Excel Funds Management Inc. to act as custodian for the company’s family of mutual funds and the Excel India Trust — a closed-end investment trust investing in India.
“Excel Funds Management offers a series of growth-oriented mutual funds, which are designed to take advantage of the fast-paced growth of the world’s developing markets,” says Bhim Asdhir, president and CEO of Excel Funds Management Inc.
Thomas C. MacMillan, president and CEO of CIBC Mellon, adds: “We are pleased to be Excel Funds Management’s service provider of choice, providing global asset servicing including fund accounting and foreign exchange capabilities for their Canadian products.”