Manulife Asset Management has named Craig Bethune and Diana M. Racanelli as portfolio managers on a new global natural resources equity team.
CIBC and two groups of private equity firms are considering making an offer for Russell Investments, according to a report.
Horizons ETFs Management (Canada) Inc. has selected CIBC Mellon to provide fund administration, custody and exchange-traded fund (ETF) services for the Horizons family of 38 leverage and inverse ETFs.
CIBC Mellon has been named the top sub-custodian operating in a major market in the Americas by Global Custodian magazine.
CIBC has completed the acquisition of Atlantic Trust Private Wealth Management, a U.S.-based private wealth management firm, from Invesco for US$210 million ($223.9 million).
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 has named Richard Nesbitt as its chief operating officer, effective immediately. His organizational responsibilities will remain unchanged.
CIBC Global Asset Management Inc. has expanded its offering of institutional pools, spanning Canadian, U.S. and global equities, as well as Canadian fixed income.
Other Brieflies this week:| MON | TUE | WED | THU | FRI | CIBC has reached a deal with a fund led by Cerberus Capital Management that the bank says will significantly reduce its exposure to the American subprime mortgage market. Under the arrangement, the Cerberus fund will invest just over US$1 billion in […]
Other Brieflies this week:| MON | TUE | WED | THU | FRI | RBC Financial and National Bank are considering growing their asset-management businesses by acquisition or organically, according to company executives. Speaking at a CIBC World Markets investor conference in Montreal, George Lewis, RBC’s group head of wealth management, said the bank wants […]