CIBC Mellon extends deal with fund manager Redwood
CIBC Mellon will begin to deliver fund administration, fund accounting and recordkeeping for Redwood Asset Management's family of 12 funds.
The asset servicing specialist already delivers custody services and investment information to the Toronto-based fund manager.
Peter Shippen, Redwood’s president and chief executive, said he was pleased to expand the relationship with an array of sophisticated fund services.
Alistair Almeida, vice president, relationship management and investment funds practice lead, CIBC Mellon, added that asset managers and fund companies face complex challenges as they work to meet the needs of investors.
“We are pleased to work with Redwood Asset Management to tailor a fund servicing solution that meets their investors' needs," he added.
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