CIBC Mellon is to be the asset servicing provider for Arrow Capital Management.
CIBC Mellon will deliver custody, accounting and information-delivery services for Arrow Capital’s actively managed investment funds, as well as asset servicing support for Arrow Capital’s expansion into retail mutual funds for Canadian investors.
Robert Maxwell, managing director and chief financial officer of Arrow Capital said: "With the recent acquisition of BluMont Capital, we sought to consolidate custody and fund accounting with a single best-in-class provider."
"We chose CIBC Mellon for their responsive client service in the Canadian market, robust technology and global market access through BNY Mellon. We are looking forward to leveraging their solutions as we continue to build success for our investors."
Shane Kuros, vice president and head of sales at CIBC Mellon, said: "We are pleased to welcome Arrow Capital Management as a CIBC Mellon client, and we look forward to serving them as they continue to expand their offerings to Canadian investors."
"We're very excited to support Arrow Capital's existing range of actively managed investment funds and to work with them as they build for the future.
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