Newfoundland and Labrador has appointed CIBC Mellon Global Securities Services Co to provide securities lending, custody, accounting services, and performance measurement for its $6.4 billion pooled pension fund, CIBC Mellon said Tuesday.

“Newfoundland and Labrador is a vibrant province with exciting growth and our selection as the asset servicing provider for its pension plan is a gratifying win for our company,” said David Linds, senior vp, business development and client relationship management at CIBC Mellon.

Newfoundland and Labrador’s pooled pension fund was created on July 1, 1980, under the authority of the Pensions Funding Act to provide for the funding of pension plans sponsored by the province.

CIBC Mellon is 50-50 jointly owned by CIBC and The Bank of New York Mellon Corp.