CIBC Mellon has extended its custody, fund accounting, recordkeeping, foreign exchange processing, and settlement services offering to Pier 21 Asset Management.
Independent investment management firm Pier 21 will also be able to access investment information data through CIBC Mellon’s NEXEN portal relating to pension plans, foundations, endowments, and insurance.
David Star, founder, president and CEO of Pier 21, commented: “CIBC Mellon's expertise has been invaluable to us as we develop innovative solutions for our customers.”
“By leveraging CIBC Mellon's operating model and the strength of its global enterprise's sub-custody network, we are also able to create scale to further expand our investment offerings.”
Michael Graham, executive director of relationship management at CIBC Mellon, added: “We are pleased to support Pier 21’s continued growth, helping the firm succeed in today’s complex environment, and this renewal is a testament to the strong service CIBC Mellon has delivered to Pier 21 for more than a decade.”
