CIBC Mellon Global Securities Services To Serve As Asset Manager For Balancing Pool

CIBC Mellon Global Securities Services Company announced Wednesday that it will act as asset servicing provider for the growing portfolio of Balancing Pool, a corporation with a prominent role in managing purchases for power plants in Alberta.. Mellon will manage

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CIBC Mellon Global Securities Services Company announced Wednesday that it will act as asset servicing provider for the growing portfolio of Balancing Pool, a corporation with a prominent role in managing purchases for power plants in Alberta..

Mellon will manage the pool’s $500 million in fund assets as it looks to expand.

“We are pleased that Balancing Pool selected us to provide safekeeping, settlement and accounting services for its portfolio,” says David S. Linds, senior vice president, business development and client relationship management for CIBC Mellon. “We look forward to supporting and working with Balancing Pool as it continues to manage the financial accounts on behalf of Alberta electricity consumers.”

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