CIBC Mellon to provide securities lending for Bloom fund
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CIBC Mellon to provide securities lending for Bloom fund 13 April 2012Toronto Reporter: Georgina Lavers
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CIBC Mellon will provide asset servicing solutions including securities lending for the Bloom Income & Growth Canadian Fund, and the upcoming Bloom Select Income Fund.
CIBC Mellon will provide Bloom with securities lending, custody services, accounting services, and real-time access to investment information via CIBC Mellon's Workbench platform.
"We selected CIBC Mellon as our asset servicing provider based on the impressive dedication to client service permeating the company's culture," said Paul Bloom, president of Bloom Investment Counsel, Inc. "We have worked with many custodians and have found CIBC Mellon to be the best at allowing us to focus on our goals."
CIBC Mellon now provides asset servicing for more $370 million of assets managed by Bloom.
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