Transition Management
We recommend engaging the services of a transition manager when institutional investors change investment managers, merge plans or shift asset allocation.
Transition management is a specialized form of trading out of one securities portfolio into another, while reducing direct trading costs (commissions, bid-offer spreads, etc.) and controlling risks.
Transitions may be relatively straightforward, such as shifting a single portfolio from the incumbent to the target portfolio, or more complex, such as multicountry, multicurrency transitions that span time zones and asset classes.
When CIBC Mellon clients need a transition manager, we leverage the expertise of Mellon Transition Management Services, which offers:
- Risk-controlled, proven processes that minimize total transition costs, including market impact and opportunity costs.
- Trading of all asset classes in global markets.
- Seamless integration with CIBC Mellon’s custody system.
- A network of brokers to execute trades, including CIBC World Markets.
- An experienced transition team with almost 20 years’ experience.
- A dedicated Mellon portfolio management team who oversees the transition process from pre-trade planning to post-trade analysis.