Morguard Financial Corporation has chosen CIBC Mellon Global Securities Services Company to provide fund administration, unitholder recordkeeping, global custody, and foreign exchange services for its new pooled funds.
“We are pleased to offer clients access to our real estate investment expertise in a pooled fund structure,” says Charles Dillingham, vice president and portfolio manager, Morguard Financial. “In CIBC Mellon, we found a provider that could facilitate an efficient fund launch with minimum risk.”
“We are pleased to be Morguard’s service provider of choice as they diversify their product range,” adds Thomas C. MacMillan, CIBC Mellon’s president and chief executive officer.
Morguard, a real estate investment and management company, was founded in 1975. The company has more than $7.9 billion in assets under management and provides a full range of real estate portfolio, asset, and property management services.
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