CIBC Mellon is now the asset-servicing provider for Arrow Capital Management, the firm announced on Monday (both firms are based in Toronto).

As part of the servicing mandate, CIBC Mellon’s responsibilities will include delivering custody, accounting and information-delivery services for Arrow Capital’s family of actively-managed investment funds, as well as asset servicing support for Arrow Capital’s expansion into retail mutual funds for Canadian investors.

“With the recent acquisition of BluMont Capital [in December 2013], we sought to consolidate custody and fund accounting with a single best-in-class provider,” said Robert Maxwell, managing director and chief financial officer, Arrow Capital. “We chose CIBC Mellon for their responsive client service in the Canadian market, robust technology and global market access through BNY Mellon. We are looking forward to leveraging their solutions as we continue to build success for our investors.”

Founded in 1999, Arrow Capital is an employee-owned company focused on alternative asset management and manager selection. Arrow Capital has $1.1 billion in assets under management, including its joint venture with Generation Asset Management based in London, England.

“We are pleased to welcome Arrow Capital Management as a CIBC Mellon client, and we look forward to serving them as they continue to expand their offerings to Canadian investors,” said Shane Kuros, vice president and head of sales, CIBC Mellon. “We’re very excited to support Arrow Capital’s existing range of actively managed investment funds and to work with them as they build for the future.”