CIBC Mellon has been selected by StonePine Asset Management to provide a full suite of asset servicing solutions.
Services will include fund accounting and administration, global custody, unitholder recordkeeping and investment information data access and reporting.
“As asset managers like StonePine pursue sophisticated investment and organisational strategies, they are turning to advanced technology to streamline operations, supporting them as they access new market opportunities and gain competitive advantage,” said Ash Tahbazian, chief client officer at CIBC Mellon.
“Our engaged team looks forward to empowering StonePine to help them increase capacity, gain efficiency and achieve their vision to be an exemplar for fundamental research, portfolio construction, and long-term quality growth investing.”
Nadim Rizk, CEO and CIO of StonePine, added: “We are pleased to tap into CIBC Mellon’s global network, buoyed by the strength and success of their global enterprise. In addition, their technology, agile implementation timeframes, and the support provided by their reputable client service teams really positioned them as a market leader and an organization to which we are proud to entrust our fund operations.”