CIBC Mellon has been appointed to deliver asset servicing solutions for the Concordia University Pension Plan and the Concordia University Foundation in Montreal, Quebec. CIBC Mellon will provide Concordia University with custody, accounting, benefit payment services, securities lending, performance and risk analytics, and real-time access to investment information via Workbench, CIBC Mellons online information-delivery portal.
The Concordia University Pension Plan and the Concordia University Foundation have combined assets in excess of $825 million.
We were very impressed by CIBC Mellons products and technology, with their ability to deliver efficiencies, and with their capability to support us in mitigating risk across our financial reporting and governance needs, said Marc Gauthier, University Treasurer, Concordia University.
We are very pleased to add Concordia Universitys pension plan and Foundation to our roster of satisfied clients, said Tom Monahan, president and chief executive officer, CIBC Mellon. We look forward to exceeding Concordias expectations for client service, technology and execution so they can focus on delivering great results for Concordias employees, pensioners and Foundation.
(JDC)