CIBC Mellon has formed a new enterprise Indigenous asset servicing unit to serve its growing client base of First Nations and Indigenous institutional investors.
The new unit will use proven asset servicing and digital solutions to service the most sophisticated investment organizations in Canada to support Indigenous governments, First Nations, Indigenous asset managers and Indigenous asset owner organizations. The servicing unit will also work with CIBC's Indigenous Markets team to offer a broad spectrum of institutional financial services tailored to meet the needs of these institutional investors and their stakeholders.
Advanced appetite for services
“We have seen a growing appetite for advanced capital market solutions as Indigenous institutions work to address urgent near-term needs while also stewarding capital to support long-term community needs," said Ash Tahbazian, Chief Client Officer, CIBC Mellon.
CIBC Mellon intends to add additional resources as its Indigenous practice grows, as well as to bring the collaborative resources of its global enterprise across CIBC and BNY Mellon to support Indigenous institutions in Canada.