Mackenzie expands CIBCM mandate

CIBC Mellon has been appointed to provide Mackenzie Investments (Mackenzie), part of the IGM Financial Inc. (IGM) family of companies, with enhanced asset management capabilities through OnCore, the middle office platform offered by BNY Mellon. OnCore will be integrated with Mackenzie’s existing business applications and will have the capacity to enable enterprise growth.

As part of the continued relationship between Mackenzie and CIBC Mellon, Mackenzie will also gain access to BNY Mellon’s Eagle Data Management platform, Data Vault and Data Managed Services, providing data and analytical reporting. In 2019 IGM, which currently has c. CAD250bn (USD184bn) AuM, appointed CIBC Mellon to assume most of IGM’s fund services functions, adding fund administration servicing solutions to the existing custody mandate. Separately, IGM has been an Eagle client since 2006.

Post Comment