TORONTO, Jan. 25 /CNW/ - Today, CIBC Mellon Global Securities Services Company announced that it has been selected by the Canada Council for the Arts to deliver global custody and accounting services for the Council's Endowments and Special Funds and its Killam Investment Funds.
"Our goal was to find an asset servicing provider that could help us enhance the efficiency of our investment process so we could concentrate on continuing to provide the best services to the Canadian artistic community," said Carole Boileau, head, finance, Canada Council for the Arts. "We chose CIBC Mellon because one of its many great capabilities is its reporting technology, which is flexible, customizable, and user-friendly. By using this technology we will be able to manage our funds even more efficiently."
"CIBC Mellon is proud to support the asset servicing needs of the Canada Council for the Arts - an organization that is dedicated to contributing to the positive growth and development of communities across Canada," said David S. Linds, senior vice president, business development and client relationship management, CIBC Mellon. "We are pleased to help the Canada Council for the Arts and all of our institutional clients enhance their investment processes by introducing new efficiencies and delivering customized and innovative solutions."
The Canada Council for the Arts, a federal crown corporation, was created in 1957 to foster and promote the study, enjoyment and production of works in the arts, and operate at "arm's length" or independently of government. The Council offers a broad range of grants and services to professional Canadian artists and arts organizations in dance, integrated arts, media arts, music, theatre, visual arts, and writing and publishing. In addition to its principal role of promoting and fostering the arts, the Canada Council for the Arts administers and awards many prizes and fellowships in the arts, humanities, social sciences, natural and health sciences, engineering, and arts management through its Endowments and Prizes, and the Killam program.
CIBC Mellon is 50-50 jointly owned by Canadian Imperial Bank of Commerce and BNY Mellon. CIBC Mellon Global Securities Services Company is a leading provider of financial services for institutions and corporations, providing superior asset servicing, multicurrency accounting, information delivery, securities lending and foreign exchange services in Canada. CIBC Mellon is part of BNY Mellon, which has US$22.3 trillion in assets under custody and administration and more than US$1.1 trillion in assets under management.
SOURCE CIBC Mellon
For further information: For further information: David Bauer, manager, corporate communications, CIBC Mellon, (416) 643-5142