CIBC Mellon has won a mandate from General Electric (GE) Canada to provide custody, fund accounting and benefit payment services for GE Canada’s trusteed pension funds.
In addition to these services, GE will also receive online delivery of investment information through BNY Mellon’s Workbench platform and integrated access to BNY Mellon Global Risk Solutions investment analysis products. These products include risk analysis, performance measurement, peer group comparisons and attribution tools and services.
The mandate covers GE Canada’s three underlying pension plans and their related entities, valued at $1.3 billion Canadian dollars.
“After an extensive review, we selected CIBC Mellon as our investment servicing provider and custodial trustee based on their tightly integrated reporting, processing and information-delivery platform, and for the considerable strength and experience of their service teams,” says Lisa Jankov, assistant treasurer, GE Canada. “The ability to access global risk and investment information in a single platform will be very valuable as we expand our alternative investment activities while adhering to stringent governance and reporting requirements.”
CIBC Mellon Wins Investment Servicing Mandate from GE Canada
CIBC Mellon has won a mandate from General Electric (GE) Canada to provide custody, fund accounting and benefit payment services for GE Canada's trusteed pension funds.