CIBC Mellon is to deliver custody, accounting and information-delivery services for Arrow Capital's family of actively-managed investment funds.
CIBC Mellon will also provide asset servicing support for Arrow Capital's expansion into retail mutual funds for Canadian investors.
"With the recent acquisition of BluMont Capital, we sought to consolidate custody and fund accounting with a single best-in-class provider," says Robert Maxwell, managing director and chief financial officer, Arrow Capital. "We chose CIBC Mellon for their responsive client service in the Canadian market, robust technology and global market access through BNY Mellon. We are looking forward to leveraging their solutions as we continue to build success for our investors."
"We are pleased to welcome Arrow Capital Management as a CIBC Mellon client, and we look forward to serving them as they continue to expand their offerings to Canadian investors," says Shane Kuros, vice president and head of sales, CIBC Mellon. "We're very excited to support Arrow Capital's existing range of actively managed investment funds and to work with them as they build for the future."
