General Electric (GE) Canada has selected CIBC Mellon to provide custody, fund accounting and benefit payment services for its trusteed pension funds.
GE will also receive online delivery of investment information through the Workbench platform and integrated access to BNY Mellon Global Risk Solutions investment analysis products.
The $1.3-billion investment servicing mandate comprises three underlying pension plans for GE Canada and its related entities.
“After an extensive review, we selected CIBC Mellon as our investment servicing provider and custodial trustee based on their tightly integrated reporting, processing and information delivery platform, and for the considerable strength and experience of their service teams,” said Lisa Jankov, assistant treasurer with GE Canada.
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