Press Release
CIBC Mellon to Provide Hedge Fund Servicing to FrontFour Capital Corp.
Toronto, October 25, 2011 - CIBC Mellon has been selected to provide its market-leading hedge fund servicing and administration to FrontFour Capital Corp.
“As we expand into Canada, we want a partner that shares our commitment to growth and has deep knowledge of the Canadian market,” said David A. Lorber, principal, of FrontFour Capital Corp. “CIBC Mellon has a solid reputation in the Canadian market and offers the technology solutions that we need.”
“We are proud to partner with FrontFour Capital Corp. as they look to grow their business in Canada,” said Tom Monahan, president and chief executive officer, CIBC Mellon.
“Sophisticated clients like FrontFour Capital demand local expertise, high-touch service and advanced capabilities, and we look forward to exceeding their expectations.”
CIBC Mellon is committed to delivering superior client service, as evidenced by its recent awards:
- 2011 - Best Sub-Custodian in Canada for the fifth consecutive year.1
- CIBC Mellon was awarded ‘Top-Rated’ status by both Leading and Domestic clients in Global Custodian's 2011 Agent Banks in Major Markets Survey. The Leading client category represents the most sophisticated, larger and more experienced clients. Since the category was created in 2007, CIBC Mellon has consistently earned ‘Top-Rated’ status.
About FrontFour Capital Corp.
FrontFour Capital Corp. (FundSERV: FCC) is a privately-owned investment fund manager. The firm is the investment manager for the FrontFour Opportunity Fund. The FrontFour Opportunity Fund is a value, event-driven fund which invests in predominantly credit and equity securities. FrontFour Capital Corp. is based in Vancouver, British Columbia.
About CIBC Mellon
CIBC Mellon is 50-50 jointly owned by Canadian Imperial Bank of Commerce and The Bank of New York Mellon. CIBC Mellon has more than $1 trillion in assets under administration and is a leading provider of financial services for institutions and corporations, providing superior asset servicing, multicurrency accounting, information delivery, unitholder recordkeeping, and securities lending services in Canada. CIBC Mellon is part of the BNY Mellon network, which has US$26.3 trillion in assets under custody and administration and more than US$1.3 trillion in assets under management. www.cibcmellon.com
1 Global Finance Magazine’s 2011 World’s Best Sub-Custodians Survey
Contacts:
Brent Merriman, corporate affairs, CIBC Mellon, 416-643-5000, corporate_affairs@cibcmellon.com
David A. Lorber, principal, FrontFour Capital Corp. 604-806-3359, dlorber@frontfourcapital.com
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