TORONTO, Oct. 1, 2012 /CNW/ - CIBC Mellon has been selected to provide asset servicing solutions for Vertex One Asset Management's family of funds, including the Vertex Fund, the Vertex Managed Value Portfolio, the Vertex Enhanced Income Fund, the Vertex Growth Fund, and the Vertex Value Fund. CIBC Mellon will provide Vertex One with custody services, fund valuation, fund trustee services, unitholder recordkeeping services, an integrated sales reporting and relationship management system, and access to Workbench - CIBC Mellon's leading-edge investment information platform.
"We are pleased that CIBC Mellon's industry-leading product line, Canadian focus, and commitment to client service have earned us Vertex One's trust," said Tom Monahan, president and CEO, CIBC Mellon. "Vertex One has grown substantially in recent years to become one of Canada's leading alternative investment firms, and we are looking forward to supporting their continued success."
"Superior asset servicing technology and exceptional client service set CIBC Mellon apart, and we are very much looking forward to working with them," said Jeff McCord, managing director, Vertex One. "Throughout our review, the CIBC Mellon team were very committed to building a partnership and to tailoring a solution precisely to our needs and those of our clients."
"It has been a great experience working with Jeff McCord and the rest of his team to build the right asset servicing solution for Vertex One," said Charbel Cheaib, executive director, business development, CIBC Mellon. "We are very excited to welcome Vertex One to CIBC Mellon, and I am looking forward to our ongoing success together."
About Vertex One Asset Management
Vertex One Asset Management was established in 1997 by three investment professionals who believe that integrity, service, performance and independence are the foundation of a great asset management firm. The firm's sole business is managing investment portfolios for individuals including personal holding companies, RRSPs, RRIFs, and family trusts. For more information, visit www.vertexone.com
About CIBC Mellon
CIBC Mellon provides asset servicing solutions, including custody, multicurrency accounting, fund administration, unitholder recordkeeping, pension services and securities lending, for institutions and corporations. We have over 1,100 people dedicated to supporting more than 1,200 client relationships with 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 June 30, 2012, CIBC Mellon held more than CAD$1.1 trillion of assets under custody and 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 June 30, 2012 had USD$27.1 trillion in assets under custody and administration, USD$1.3 trillion in assets under management and global payments processed averaging USD$1.4 trillion per day.
SOURCE: CIBC Mellon
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