CIBC Mellon has been selected by Forstrong Global to provide asset servicing and digital solutions.
Through the agreement, Forstrong Global will benefit from CIBC Mellon’s custody, accounting, recordkeeping, securities lending, financial statement preparation, investment data access and tax reporting tools.
Founded in 2001, Forstrong manages global investment portfolios to capitalise on macroeconomic, geopolitical and other world trends for some of Canada’s largest financial institutions and individual investors.
Ash Tahbazian, chief client officer at CIBC Mellon, said the bank is pleased to provide Forstrong with access to its local insights, global scale, technology and services. “Forstrong has a strong history of constructing and managing balanced ETF portfolios, and we are proud to have earned their trust as an ETF services and investment operations provider. We look forward to supporting them as they advance their ETF franchise.”
“As a market leader in our space, we know the value of cutting-edge technology and the importance of client service, which is why we are pleased to entrust our investment operations to CIBC Mellon,” said Tyler Mordy, chief executive officer and chief investment officer of Forstrong Global.
“Investors are looking for their funds to meet the highest standards for resilience, timeliness and conviction, and we are pleased to continue to build for our future growth by transitioning to the market leading platform and capabilities available to us via CIBC Mellon and its global enterprise.”