Horizons Exchange Traded Funds and its associate AlphaPro Management—jointly known as Horizons ETFs—has appointed CIBC Mellon to provide it with custody and fund accounting and administration services.
It will also provide custody and securities lending services to Horizons' actively managed exchange-traded funds (ETFs).
COO of Horizons ETFs, Kevin Beatson, said: “We conducted an extensive due diligence process on our custodial needs. We found that CIBC Mellon offered the best combination of price and service.”
“CIBC Mellon is a world-renowned custodial service provider and we are very confident in their ability to deliver best-in-class services which allow us to better serve our industry partners and ETF unit holders.”
Ronald Landry, executive director of ETF services at CIBC Mellon, said: “CIBC Mellon is committed to providing Canada’s best ETF servicing solution.”
“This appointment highlights our ability to work with our clients to help them better serve their investors. We look forward to working with Horizons ETFs as they continue to expand their business and deliver great results to their clients.”
