Questrade Financial Group has selected CIBC Mellon as asset servicing provider for its newly-launched family of exchange-traded funds (ETFs).
CIBC Mellon will deliver custody, fund administration, ETF servicing and information-delivery services as Questrade enters Canada’s ETF market with a family of Canadian-dollar hedged mid-to-large cap ETFs tracking US indexes.
“Questrade is dedicated to creating financial products that help Canadians build and keep their hard-earned money,” says Edward Kholodenko, President and Chief Executive Officer of Questrade Financial Group. “CIBC Mellon has the right technology, expertise and experience to support our innovative new family of ETFs, and we are looking forward to working with them as we bring this exciting new offering to Canadian investors.”
“Fund sponsors continue to tap CIBC Mellon as their Canadian ETF servicing provider of choice,” says Shane Kuros, vice president, business development, CIBC Mellon. “Thanks to BNY Mellon’s significant, ongoing technology investments and our experienced local team, we are able to meet clients’ Canadian ETF servicing requirements efficiently, accurately and with the speed that the market demands.”