CIBC Mellon has been chosen to provide its asset servicing solutions to TRIO.
CIBC Mellon will be delivering a product suite that includes custody, pension accounting, benefit payments and its real-time online information delivery platform, Workbench. TRIO offers health care benefits and pension plan services to employees and elected officials in more than 100 municipalities across Newfoundland and Labrador and has more than $50 million in assets under administration (AuA).
“In addition to their reputation in the industry, CIBC Mellon has shown a real commitment to our business, says Terry E. Taylor, general manager of TRIO. Having an asset servicing provider with the technology and the expertise to tailor solutions specifically for our needs was critical to the selection process.
Tom Monahan, president and CEO of CIBC Mellon, adds: “Our business growth in Newfoundland and Labrador stems from the bonds we have forged with our clients and with the community. CIBC Mellon is pleased to further strengthen its connection to the region through our new relationship with TRIO Benefits.
(CM)