Newly launched Toronto-based investment management company Purpose Investments Inc. has selected CIBC Mellon to provide custody, fund accounting, ETF administration and securities lending services.
Additionally, Purpose will use BNY Mellon for global custody and its Workbench investment information delivery platform.
We have had a successful past working relationship with CIBC Mellon and their proven asset-servicing expertise and outstanding technology, which will help our firm deliver strong performance while keeping investment costs down, says Purpose President and CEO Som Seif.
Gordon Kosokowsky, executive director for business development at CIBC Mellon, adds: “Like the team at Purpose, CIBC Mellon shares a culture that is deeply invested in delivering outstanding service and great results for our clients. We’re proud to help power Purpose into the future.”
(CG)