AGF Investments Inc. Builds on Strategic Asset Servicing Relationship with CIBC Mellon
TORONTO, Jan. 30, 2023 /CNW/ – At the moment, CIBC Mellon introduced that AGF Investments Inc., a subsidiary of AGF Administration Restricted (AGF), has prolonged its use of CIBC Mellon’s custody, fund accounting and fund administration, securities lending, international change processing and settlement, and ETF companies for AGF Investments’ suite of funds in Canada. AGF is an impartial and diversified international asset administration agency and this extension is a strategic element of the agency’s market technique as AGF continues to refine and advance its infrastructure to ship an distinctive shopper expertise.
This renewal builds on AGF and CIBC Mellon’s long-standing partnership together with the previous announcement concerning AGF’s personal shopper subsidiary Highstreet Asset Administration’s mandate to leverage CIBC Mellon’s companies, and the transition of a staff of AGF fund administration professionals to CIBC Mellon.
“Institutional buyers and particularly asset managers acknowledge the necessity for strong companies that assist them navigate complicated adjustments to their agency’s technique, funding administration strategy, and operations, mentioned Ash Tahbazian, Chief Shopper Officer, CIBC Mellon. “With this renewal, we’re happy to proceed to help AGF’s development and success for a few years to come back.”
“CIBC Mellon’s dedication to shopper service excellence, progressive expertise and organizational alignment with our market technique has contributed a lot to our agency’s success,” mentioned Chris Jackson, Chief Working Officer, AGF. “In at this time’s evolving market setting, partnering with the suitable outsourced operational platforms permits our groups to focus time and experience on the areas the place we will drive the best influence for our stakeholders.”
About AGF Administration Restricted
Based in 1957, AGF Administration Restricted (AGF) is an impartial and globally numerous asset administration agency delivering excellence in investing in the private and non-private markets by its three distinct enterprise traces: AGF Investments, AGF Personal Capital and AGF Personal Wealth.
AGF brings a disciplined strategy centered on offering an distinctive shopper expertise and incorporating sound accountable and sustainable practices. The agency’s funding options, pushed by its elementary, quantitative and personal investing capabilities, extends globally to a variety of purchasers, from monetary advisors and their purchasers to high-net price and institutional buyers together with pension plans, company plans, sovereign wealth funds, endowments and foundations.
Headquartered in Toronto, Canada, AGF has funding operations and shopper servicing groups spanning on the bottom in North America, Europe and Asia. With over $40 billion in complete property beneath administration and fee-earning property, AGF serves greater than 800,000 buyers. AGF trades on the Toronto Inventory Trade beneath the image AGF.B.
About CIBC Mellon
CIBC Mellon is devoted to serving to Canadian institutional buyers and worldwide institutional buyers into Canada service their monetary property all through the funding lifecycle. Based in 1996, CIBC Mellon is 50-50 collectively owned by The Financial institution of New York Mellon (BNY Mellon) and Canadian Imperial Financial institution of Commerce (CIBC). CIBC Mellon delivers knowledgeable funding companies for funding funds, pension plans, insurance coverage corporations, banks, foundations, endowments, companies, and international monetary establishments whose purchasers put money into Canada. As at September 30, 2022, CIBC Mellon had greater than C$2.3 trillion in property beneath custody and/or administration. CIBC Mellon is a part of the BNY Mellon community, which as at September 30, 2022, had US$42.2 trillion in property beneath custody and/or administration. CIBC Mellon is a licensed person of the CIBC trade-mark and sure BNY Mellon trade-marks, is the company model of CIBC Mellon International Securities Companies Firm and CIBC Mellon Belief Firm, and could also be used as a generic time period to discuss with both or each corporations.
For extra info, together with CIBC Mellon’s newest data management on points related to institutional buyers lively in Canada, go to www.cibcmellon.com.
Media Contact CIBC Mellon:
Alexandra DeCata, Company Communications, 416-643-6126, [email protected]
Media Contact for AGF:
Amanda Marchment, Director, Company Communications, 416-865-4160, [email protected]
SOURCE CIBC Mellon
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