CIBC Mellon has been selected to provide asset servicing for the pension plan for employees of the University of Prince Edward Island (UPEI) and the UPEI endowment funds.
CIBC Mellon’s asset servicing solution for UPEI’s pension plan and endowments includes custody, fund accounting and pension benefit payments and reporting.
Additionally, UPEI will receive online investment information delivery through CIBC Mellon’s Workbench platform and access to global markets via the BNY Mellon global network.
“After a rigorous review, we concluded that CIBC Mellon’s asset servicing offering was the best choice for UPEI,” says Jackie Podger, vice-president for administration and finance with UPEI.
“We are very proud to have earned the trust of the University of Prince Edward Island and very much look forward to exceeding their expectations,” says Jeff Alexander, director of business development and relationship management with CIBC Mellon.