Bringing you live news and features since 2006 

CIBC Mellon to provide asset servicing for CI WisdomTree ETFs


CIBC Mellon is to provide custody, fund accounting and ETF servicing for CI Financial’s 14 Toronto Stock Exchange-listed CI WisdomTree ETFs, which the company recently acquired. CIBC Mellon already services all of CI Financial’s exchange-traded funds, and this mandate expands the services CIBC Mellon provides to the company. CI Financial (TSX: CIX) is a diversified wealth management firm and one of the country’s largest investment companies. With CI Financial’s recent acquisition of WisdomTree’s Canadian operations, the company’s ETF assets have grown to USD9.2 billion (as of 31 May, 2020).

“We are increasing the scale of our ETF business and expanding our lineup of ETF mandates and product offerings, and we view CIBC Mellon as a long-term strategic partner who is well positioned to support our global expansion in this key growth segment,” says Caitlin Dean, Senior Vice-President, Portfolio Operations and Chief Operations Officer, Funds, CI Investments Inc. “We recognise CIBC Mellon’s superior ETF capabilities, its demonstrated expertise, and its significant market share in the Canadian ETF space.”

“CIBC Mellon is proud to service all of CI Financial’s ETFs as its family of ETFs continues to grow and evolve,” says Ronald C Landry, Head of Product and Canadian ETF Services, CIBC Mellon. “ETF providers continue to tap into CIBC Mellon’s ETF services for the company’s local market expertise, access to global resources, and our ability to support ETFs, ETF series of mutual funds and ETFs with mutual fund series.”

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Jigna Gibb, Bloomberg
Bloomberg Indices has recently hired Jigna Gibb as Head of Commodities and Crypto Index Products, to lead its commodities and...
Robert Minter, director of ETF investment strategy at abrdn takes a look at passive investing in commodities and shares his...
Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by