TORONTO, Sept. 10 /CNW/ - Today, CIBC Mellon Global Securities Services
Company announced its appointment by Marret Asset Management Inc. to provide
global custody, unitholder recordkeeping and fund accounting for Marret Asset
Management Inc.'s closed-end and pooled funds.
"Marret is dedicated to maintaining the highest standards and achieving a
leading long-term performance record for our clients," said Lara Misner, vice
president, Marret Asset Management. "We're confident that CIBC Mellon's
excellent service and solutions will help us deliver high quality products for
years to come."
"CIBC Mellon is pleased to be recognized for delivering market-leading
products and services that help companies like Marret focus on alpha
generation and the growth of their business," said David S. Linds, senior vice
president, business development and client relationship management, CIBC
Mellon. "We look forward to helping Marret fulfill its mission on being a
product innovator in asset management."
Marret Asset Management Inc. is a credit fixed income manager. The firm
advises on more than $3 billion in high-yield and investment-grade corporate
debt assets for institutional and mutual fund clients. Marret is registered as
an investment counsel and portfolio manager, limited market dealer and
commodity trading manager with the Ontario Securities Commission. The firm was
founded in Toronto by Barry Allan and began operations in late 2000.
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$20.7 trillion in assets under custody and
administration and more than $926 billion in assets under management.
CIBC Mellon is a licensed user of the BNY Mellon and CIBC trademarks.
For further information:
For further information: David Bauer, corporate communications, (416)