CIBC Mellon has been selected to provide asset servicing to the First Nations Market Housing Fund (FNMHF), including institutional accounting, custody services, and investment information data access via the enterprise NEXEN platform. FNMHF was developed with input from First Nations communities and organisations across Canada to support financing arrangements for housing on reserve and settlement lands where appropriate, while respecting the communal ownership of land.
In 2021 CIBC Mellon established an indigenous asset servicing unit to serve its growing client base of First Nations and indigenous institutional investors. The new unit supports indigenous governments, First Nations, indigenous asset managers and indigenous asset owner organisations.