Macquarie Financial has chosen CIBC Mellon Global Securities Services to provide asset servicing for its corporate assets.
“As we grow in Canada we need a dependable asset servicing supplier,” says Grant MacKenzie, chief executive officer of Macquarie Financial. “CIBC Mellon offers us an efficient and risk-controlled solution to meet our growth objectives.”
Macquarie Financial Ltd., a member of the Macquarie Group, is a Canadian mortgage lender that provides residential mortgage solutions to consumers. It is headquartered in Toronto with additional offices in Vancouver, Calgary and Montreal.
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Majority of Canadians Unaware of CPP’s Reforms
Almost two-thirds of Canadians are still unaware that the Canada Pension Plan (CPP) has been successfully reformed and is supported by a $123 billion fund designed to help sustain the plan for the long term, according to CPP Investment Board (CPPIB) president and chief executive officer, David Denison.
In a speech at the Halifax Chamber of Commerce on Monday, Denison dispelled some frequently-held myths about the CPP, and explained that the fund is not only sustainable throughout the 75-year period of his forecast, but that the CPPIB is also protected by strong legal safeguards.
“The Canada Pension Plan Investment Board was created with a unique governance model that strikes an effective balance between independence and accountability,” said Denison. He explained that the “investment-only” mandate and arm’s length status from governments allow the CPPIB to make decisions that are truly independent.
Denison also spoke about the CPPIB’s diversification and risk management strategy, active vs. passive investing, and environmental, social and governance (ESG) factors as they affect the risk and return parameters of underlying investments.
Mr. Denison’s speech in Halifax is the first leg of a series of public meetings across Canada in June.