Saskatchewan’s PEBA appoints CIBC Mellon for custody & performance

CIBC Mellon has been chosen to provide global and domestic custody, institutional accounting and securities lending for the Public Employees Benefits Agency (PEBA). In addition, PEBA will use data and analytics solutions, including performance and compliance reporting, through BNY Mellon for two plans that PEBA administers: the Public Employees’ Pension Plan, a defined contribution pension plan, and the Municipal Employees’ Pension Plan, a defined benefit pension plan. PEBA is a government agency under Saskatchewan’s Ministry of Finance that administers pension and benefits plans for public sector employees, including executive government, crown corporations and government-funded bodies. Combined assets of the plans administered by PEBA are approximately CAD13bn.