TORONTO, April 7 /CNW/ - Today, CIBC Mellon Global Securities Services
Company announced its appointment by Global Prosperata Funds Inc. to provide
asset servicing support, including fund valuation and unitholder
recordkeeping, for its recently launched Global Iman Fund.
"The Global Iman Fund allows Canadian investors to build wealth through a
selection of socially responsible investments, which we believe have been
impacted to a much lesser degree than traditional financial investments in
part due to the focus on non-interest based investments," said Glenn Moore,
vice president, Global Prosperata Funds Inc. "CIBC Mellon's robust and
integrated operations, focus on risk management and thorough knowledge of the
Canadian fund market provide us with the expertise and services we need to
ensure our Global Iman Fund continues to run successfully."
"CIBC Mellon is the only asset servicing provider with an exclusive focus
in the Canadian marketplace," said David S. Linds, senior vice president,
business development and client relationship management at CIBC Mellon. "We
are confident that our specialized market expertise combined with global
resources will help Global Prosperata Funds meet its unique business needs."
Global Prosperata Funds Inc. is a new and innovative mutual fund manager
delivering specialized investments that meet the individualized needs of
Canadian investors. It is part of the Global financial services chain.
Established in 1998, Global is a dynamic financial services firm focused on
providing Canadians with an array of solutions including education savings
plans, life and disability insurance, mutual funds, stocks, bonds and other
investments. With offices in Vancouver, Calgary, Toronto, Montreal and Halifax
as well as affiliate offices across Canada, Global's family of companies
include Global Maxfin Investments Inc., Global Maxfin Capital Inc., Global
Insurance Solutions Inc., Global Educational Marketing Corporation and Global
Prosperata Funds Inc.
CIBC Mellon is 50-50 jointly owned by Canadian Imperial Bank of Commerce
and The Bank of New York Mellon Corporation. 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 The Bank of New York Mellon, which
has US$20.2 trillion in assets under custody and administration and more than
$928 billion in assets under management. CIBC Mellon Global Securities
Services Company is a sister company to CIBC Mellon Trust Company. Visit CIBC
Mellon's website at www.cibcmellon.com.
For further information:
For further information: Rashi Sharma, manager, corporate
communications, CIBC Mellon, (416) 643-6562; Maja Begovic, marketing and
communications, Global Educational Marketing Corporation, (416) 741-7377