HSBC Securities Services has enhanced its global middle office infrastructure and services to support asset manager middle office mandates, especially in Asia where it reports significant growth. The improvements cover trade management and settlement control services, as well as introducing a significantly enhanced investment book of record (IBOR) reporting capability. This is driven by a…
Category: Outsourcing
IGM outsources fund services to CIBC Mellon
IGM Financial Inc. has selected CIBC Mellon to assume most of IGM’s fund services functions. This will add fund administration servicing solutions to the custody and related services that CIBC Mellon already performs for IGM. Once definitive agreements are complete, most IGM fund services employees in Toronto and Winnipeg (c.100 people) will transition to CIBC…