CIBC Mellon has been awarded a 10-year mandate to provide asset servicing and digital solutions to Colleges of Applied Arts and Technology Pension Plan (CAAT) and its DBplus offering. CIBC Mellon and its partners, CIBC and BNY Mellon, will provide investment and pension servicing solutions to CAAT, including custody, accounting, securities lending, foreign exchange processing and settlement, pension benefit payment disbursements, investment information data access, performance measurement, attribution, analytics, and investment compliance monitoring.
CAAT is an independent, jointly governed plan serving more than 75,000 plan members across 200 participating employers. One of Canada’s most sustainable, well-funded and fastest-growing pension plans, CAAT is 124pct funded on a going-concern basis, with a market value of CAD18bn.