CIBC Mellon has been selected to deliver fund administration, fund accounting and record-keeping for Redwood Asset Management's family of 12 funds.
Redwood Asset Management's platform covers a broad spectrum of unique Canadian and global mandates.
CIBC Mellon currently delivers custody services and investment information delivery to Redwood and will begin to also deliver fund accounting and record-keeping for Redwood's funds.
"Redwood's mission is to provide Canadian investors and their advisors with needs-based investment solutions that they can't find elsewhere," says Peter Shippen (pictured), president and chief executive officer, Redwood Asset Management. "We actively seek out top talent to help us deliver for investors, and CIBC Mellon has proven to be a capable and adept asset servicing supplier with a strong focus on client service, effective technology and an experienced team. As such, we are pleased to expand our relationship with an array of sophisticated fund services."
"We understand that asset managers and fund companies face complex challenges as they work to meet the needs of investors. We are pleased to work with Redwood Asset Management to tailor a fund servicing solution that meets their investors' needs," says Alistair Almeida, vice president, relationship management and investment funds practice lead, CIBC Mellon. "In addition to custody services, we are excited to deliver our fund accounting and record-keeping solutions for their 12 funds."
