Canadian defined benefit pension plans in the RBC Investor & Treasury Services All Plan Universe experienced the steepest decline since 2008, posting a median return of -7.1 percent for Q1 2020
Gerginis will succeed founder and past-CEO Patrick Mclaughlin, who will join the firm’s board of directors and serve as chief strategy officer
RBC I&TS has launched a collateral management solution leveraging technology from CloudMargin via IHS Markit to tackle UMR challenges
Ash Tahbazian has been named as the new chief relationship and revenue officer at CIBC Mellon
Torstone Technology has opened a new office in Toronto to support its growing base of North American clients
IGM Financial has selected CIBC Mellon to assume most of its fund services functions
Doug McGregor, group head at RBC Capital Markets and RBC Investor & Treasury Services, is to retire in January 2020 after 37 years at the bank
Canadian defined benefit plans generated “modest investment gains” in Q2 2019, with the median plan posting a return of 2.5 percent for the quarter, according to data from the Northern Trust Canada Universe
