Arrow Capital Management has chosen CIBC Mellon as its asset servicing provider.
CIBC Mellon will deliver custody, accounting and information-delivery services for Arrow Capital’s family of actively managed investment funds, as well as asset servicing support for Arrow Capital’s expansion into retail mutual funds for Canadian investors.
“We chose CIBC Mellon for their responsive client service in the Canadian market, robust technology and global market access through BNY Mellon,” says Robert Maxwell, managing director and chief financial officer of Arrow Capital. He adds that, with the recent acquisition of BluMont Capital, the company sought to consolidate custody and fund accounting with a single provider.
“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,” explains Shane Kuros, vice-president and head of sales with CIBC Mellon.
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