The C$3.6 billion ($2.6 billion U.S.) pension plan of Air Canada, Montreal, selected CIBC Mellon Global Securities Services as its new custodian and trustee, replacing Montreal Trust for Canadian assets and Royal Trust for non-Canadian assets. This is the first major custodial contract for CIBC Mellon Global Securities Services, the Canadian institutional trust and custody venture of Mellon Bank Corp. and Canadian Imperial Bank of Commerce.
The C$3.6 billion ($2.6 billion U.S.) pension plan of Air Canada...
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