VANCOUVER, February 5, 2020 / CNW / – CWB Trust Services is pleased to announce its appointment as Custodian of the School District 43 Non-Teaching Pension Plan (Coquitlam).
“We are delighted to include the School District 43 Non-Teaching Staff Pension Plan among our pension care appointments,” says Jessi takhar, AVP, Business Development and Relationship Management at CWB Trust Services. “With a proven track record in providing childcare services to many from Canada public service support organizations, our partnership was natural. “
Evaluated at over $ 130 million in assets, the School District 43 Non-Teaching Pension Plan serves over 930 members. As part of its mandate, CWB Trust Services will act as the custodian and trustee of the plan, providing the best possible online benefit payment services to plan members and additional ancillary support services for the plan.
“During our review, we were satisfied with the flexible service model and the unique integrated reporting platform,” explains Chris Nicolls, Financial Director and Secretary-Treasurer of School District 43. “The onboarding process was straightforward and transparent. We are confident that this same level of support and service will continue as our partnership grows. “
Sabeen Purewall, Director of Business Development for CWB Trust Services, adds, “Our selection as the Custodian of the School District 43 Non-Teaching Staff Plan further demonstrates our position as a leader in providing personalized babysitting solutions. We understand that each of our clients has unique requirements and we are proud to have been able to create a bespoke solution for School District 43’s non-educational plan. “
Plan members were notified of the change at the end of 2019, with the term taking effect December 2019.
About CWB Trust Services
CWB Trust Services, a wholly owned subsidiary of Canadian Western Bank and a member of the CWB Financial Group, provides personalized trustee and custodial solutions for mid-size pension plans, brokerage firms, asset managers. investments, endowments, individual mortgage investors and other investment pools.
Learn more at www.cwt.ca.
About CWB Financial Group
The CWB Financial Group is a diversified financial services organization offering proactive and personal banking, trust and wealth management services through Canada. Based at Edmonton, Alberta, we’ve been providing personalized financial solutions for over 35 years and operate with a clear focus on meeting the unique financial needs of business owners. We are obsessed with providing the right banking, lending and investing solutions to our clients – asking the right questions, sharing our industry and financial services expertise, and sincerely believing that great relationships give results.
As a public company on the Toronto Stock Exchange (TSX), CWB trades under the symbols “CWB” (Common Shares), “CWB.PR.B” (Preferred Shares Series 5), “CWB.PR.C” (series 7 preferred shares) and “CWB.PR.D” (preferred shares series 9).
Learn more at www.cwb.com.
About School District 43 (Coquitlam) Coquitlam School District (School District 43) is the third largest school district in British Columbia with 32,000 students attending 69 schools. It is the largest employer in the Tri-Cities region of the Lower Mainland with more than 4,300 positions for teachers, administrators, managers and support staff. Learn more at www.sd43.bc.ca.
SOURCE CWB Trust Services
For further information: Angela Saveraux, CWB Financial Group, 780-441-2257, [email protected]