Family Office
Cdn wealth manager picks Mellon jv for back office
CIBC Mellon provide processing for McLean & Partners pooled-funds
program. McLean & Partners Wealth Management has selected CIBC
Mellon Global Securities Services as its asset-servicing
provider, serving three newly launched private global pooled
funds in Canada.
Scale and reach
"The creation of our private-investment pools is an integral step
in serving the needs of the high-net-worth, private-client
market. The launch of our pooled funds allows our research team a
much broader opportunity set of international stocks and a
multi-currency capability, coupled with a simplified investment
experience for the client," says Brent McLean, president and CEO
of McLean & Partners. "With our new products, it was important
for us to work with a partner who shares our emphasis on client
service and has global scale, size and reach."
"We are pleased to be McLean & Partners service provider of
choice, providing global custody, fund accounting, unit-holder
recordkeeping, securities lending and foreign exchange
capabilities for their global pooled funds," says Thomas
MacMillan, president and CEO of CIBC Mellon. "We look forward to
helping McLean & Partners and their clients achieve their goals
with our award-winning technology, Workbench, and our people's
expertise and commitment to client service excellence."
Calgary, Alberta-based McLean & Partners has more than $1.3
billion in assets under management.
CIBC Mellon is a joint venture of the Canadian Imperial Bank of
Commerce and Bank of New York Mellon. -FWR
Purchase reproduction rights to this article.