The real estate arm of the Ontario Municipal Employees’ Retirement System is entering a joint venture to manage the Sony Centre in Berlin. The Oxford Properties Group, which previously held a 94.9 per cent share in the eight-building complex, is selling 44.9 per cent of its stake to the Norges Bank Investment Management, an investment […]
Canadian pension funds are seeing significant cost savings from in-house asset management but are still relying on external managers, according to a new survey from CIBC Mellon. It found among funds that have taken asset management in-house, 66 per cent said they achieved savings. Of those, 91 per cent reported more than 10 per cent […]
Canada’s pension funds are shifting asset management functions in-house while becoming more strategic about oversight of external managers, according to a new survey from CIBC Mellon. It found pension funds are increasing the portion of assets and investment activities managed in-house to 28 per cent from 22 per cent, with the majority of pension funds […]
CIBC Mellon has appointed former Canada Pension Plan Investment Board managing director Karen Rowe as its new chief financial officer. At the CPPIB, Rowe was managing director and head of investment finance and led a team responsible for aspects of the organization’s global private investment portfolio, including finance, valuation and operations. In her new role […]
CIBC Mellon has been named the best sub-custodian in Canada in Global Finance magazine's annual ranking of the World's Best Sub-Custodian Banks for the ninth year in a row.
CIBC Mellon that David Linds will be retiring from his role as senior vice-president, business development and relationship management on July 1.
BNY Mellon has reached an agreement to acquire Cutwater Asset Management, a fixed income and solutions specialist with about US$23 billion in assets under management from MBIA Inc.
CIBC Asset Management has expanded its pooled fund offering for institutional investors and added four new people to its team.
Arrow Capital Management has chosen CIBC Mellon as its asset servicing provider.
CIBC's board of directors has chosen Victor Dodig as the bank's next president and CEO, effective Sept. 15, 2014.