CIBC Mellon appointed custodial trustee by General Electric Canada pension funds

 CIBC Mellon appointed custodial trustee by General Electric Canada pension  funds  Investment servicing solution to support GE pension plans' alternative  investment activities  TORONTO, Feb. 19, 2014 /CNW/ - CIBC Mellon today announced that General  Electric (GE) Canada has selected CIBC Mellon to provide custody, fund  accounting and benefit payment services for GE Canada's trusteed pension  funds.  GE will also receive online delivery of investment information through  the Workbench platform and integrated access to BNY Mellon Global Risk  Solutions investment analysis products.  The CAD$1.3 billion investment  servicing mandate comprises three underlying pension plans for GE Canada and  their related entities.  "After an extensive review, we selected CIBC Mellon as our investment  servicing provider and custodial trustee based on their tightly integrated  reporting, processing and information-delivery platform, and for the  considerable strength and experience of their service teams," said Lisa  Jankov, assistant treasurer, GE Canada.  "The ability to access global risk  and investment information in a single platform will be very valuable as we  expand our alternative investment activities while adhering to stringent  governance and reporting requirements."  "GE has a 120-year history of innovation in Canada, and we are proud to  support GE with the same drive and determination," said Stuart Plummer,  executive director, business development, CIBC Mellon.  "Our offerings help  position GE with the operational support, risk reporting and transparency to  move forward and execute on their investment decisions with confidence."  Global Risk Solutions available to CIBC Mellon clients via the BNY Mellon  global investment servicing network include risk analysis, performance  measurement, peer group comparisons and attribution tools and services help  clients manage their investment process and risk exposures.  The breadth and  depth of the data available in combination with clear and powerful reporting  helps clients compare, evaluate and understand investment decisions.  About General Electric Canada   GE is working for a stronger Canada. We have the best people and technologies  taking on the world's toughest challenges, like finding solutions in energy,  health and home, transportation and finance. We are not just imagining. We are  building, powering, moving and curing the world.  For more information, visit or follow them on Twitter at  @GE_Canada  About CIBC Mellon CIBC Mellon is a Canadian company exclusively focused on the investment  servicing needs of Canadian institutional investors and international  institutional investors into Canada.  Founded in 1996, CIBC Mellon is 50-50  jointly owned by The Bank of New York Mellon (BNY Mellon) and Canadian  Imperial Bank of Commerce (CIBC).  CIBC Mellon's investment servicing  solutions for institutions and corporations are provided in close  collaboration with our parent companies, and include custody, multicurrency  accounting, fund administration, unitholder recordkeeping, pension services,  securities lending services, foreign exchange settlement and treasury  services.  As at December 31, 2013, CIBC Mellon had more than CAD$1.3 trillion  of assets under administration on behalf of pension funds, investment funds,  corporations, governments, insurance companies, foreign insurance trusts,  foundations and global financial institutions whose clients invest in Canada.   CIBC Mellon is part of the BNY Mellon global network, which as of December 31,  2013, had USD$27.6 trillion in assets under custody and/or administration and  USD$1.58 trillion in assets under management.  CIBC Mellon is the corporate  brand of CIBC Mellon Trust Company and CIBC Mellon Global Securities Services  Company and may be used as a generic term to reference either company or both  companies collectively.  For more information - including CIBC Mellon's latest knowledge leadership on  issues relevant to institutional investors active in Canada - visit or follow us on Twitter @CIBCMellon.  CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY Mellon  trade-marks.    SOURCE  CIBC Mellon  CIBC Mellon: Paul Cunliffe, Corporate  Communications, 416-643-5289 GE Canada: Rahim  Ladha, Communications & Public Affairs,, 647-281-7073  To view this news release in HTML formatting, please use the following URL:  CO: CIBC Mellon ST: Ontario NI: FIN ORDER