CIBC Mellon retained by Halifax Herald Limited as asset servicing provider
Chronicle Herald publisher cites effective local service, strong investment information delivery technology as key factors in keeping CIBC Mellon on as provider
HALIFAX, Oct. 17, 2013 /CNW/ - CIBC Mellon announced that it has been retained as asset servicing provider by the Halifax Herald Limited, publisher of The Chronicle Herald newspaper. CIBC Mellon will continue to provide custody, accounting and benefit payment services for the Halifax Herald's pension plan. The Halifax Herald will also receive online investment information delivery via CIBC Mellon's Workbench platform.
"CIBC Mellon has been dependable, responsive and tightly focused on our needs, especially through some significant organizational changes over the last year," said Ian Scott, vice president of operations, Halifax Herald Limited. "We conducted a full review of our options before reaffirming that CIBC Mellon's outstanding investment servicing technology and dedicated local service model make them the best choice for us and for our pension plan members."
"The Halifax Herald Limited is deeply committed to Atlantic Canada and to delivering strong, accurate and responsible reporting to those who depend on its work - values we very much share here at CIBC Mellon" said Jeff Alexander, director, business development and relationship management, Atlantic region, CIBC Mellon. "We are proud to continue our partnership with this storied institution, and we look forward to continuing to support them as they work for the plan members and pensioners."
About The Halifax Herald Limited
The Halifax Herald Limited publishes The Chronicle Herald newspaper and associated information websites and an expansive array of community publications, magazines and vertically integrated information and advertising vehicles. It is the most comprehensive information source in Atlantic Canada. Its mission is to bring audiences together, providing information they can use, delivered across multiple, easy-to-access platforms. The Chronicle Herald believes that in delivering value for its audiences, it also delivers value for advertisers.
The Halifax Herald Limited has staff spreading across Halifax, Amherst, Bridgewater, Kentville, Sydney, Truro and Yarmouth, Nova Scotia. Daily circulation of The Chronicle Herald exceeds 114,000. The Halifax Herald Limited stands for Nova Scotia's progress and development and is dedicated to the service of the people that no good cause shall lack a champion and that wrong shall not thrive unopposed.
About CIBC Mellon
CIBC Mellon provides asset servicing solutions, including custody, multicurrency accounting, fund administration, unitholder recordkeeping, pension services and securities lending services, for institutions and corporations. We have over 1,000 people dedicated to providing excellent service to Canadian banks, pension funds, investment funds, corporations, governments, insurance companies, foreign insurance trusts, foundations and global financial institutions whose clients invest in Canada. As at September 30, 2013, CIBC Mellon held more than CAD$1.2 trillion of assets under administration on behalf of our clients. CIBC Mellon is headquartered in Toronto, with offices across Canada in Vancouver, Calgary, London, Montreal and Halifax. Founded in 1996, CIBC Mellon is 50-50 jointly owned by Canadian Imperial Bank of Commerce (CIBC) and The Bank of New York Mellon Corporation (BNY Mellon), the world's largest custodian. CIBC Mellon is part of the BNY Mellon network, which as at September 30, 2013 had USD$27.4 trillion in assets under custody and administration and USD$1.53 trillion in assets under management. CIBC Mellon is the corporate brand of CIBC Mellon Trust Company and CIBC Mellon Global Securities Services Company and may be used as a generic term to reference either company or both companies collectively.
For more information - including CIBC Mellon's latest knowledge leadership on issues relevant to institutional investors active in Canada - visit www.cibcmellon.com or follow us on Twitter @CIBCMellon.
CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY Mellon trade-marks.
SOURCE CIBC MellonFor further information:
Brent Merriman, corporate communications, CIBC Mellon, email@example.com, 416-643-5065