VANCOUVER, BC, May 20, 2021 / CNW / – CWB Trust Services is pleased to announce its appointment as Registered Plan Trustee for CI Investment Services Inc., a subsidiary of CI Financial Corp. (âCI Financialâ) (TSX: CIX) (NYSE: CIXX).
âCWB Trust Services is very pleased to add CI Investment Services to its client portfolio,â says Bjorn Frohnsdorf, vice president and general manager of CWB Trust Services. “Having already earned the trust of CI Financial through our established service at CI Global Asset Management and CI Assante Wealth Management, we are delighted to expand our responsibilities for their group.”
Under the new mandate, CWB Trust Services will act as registered plan trustee for CI Investment Services.
Al Spadaro, CWB Trust Services’ Business Development Director for Broker and Dealer Services, is also excited about the announcement. âOur two firms are committed to providing a superior customer service experience, and we look forward to a mutually rewarding partnership,â says Spadaro.
âAs a financial technology company, we believe in having an innovative and forward-looking fiduciary,â said Carol chui, president of CI Investment Services. âWorking with CWB Trust Services will allow our clients to make full use of our list of secure digital tools. Â»Affected customers are informed of the appointment, which came into effect on January 4, 2021.
About CWB Trust Services CWB Trust Services, a member of the CWB Financial Group, provides personalized trustee and custody solutions for mid-size pension plans, brokerage firms, investment managers, endowments, individual mortgage investors and other placement groups. Learn more at www.cwt.ca.
About CWB Financial Group CWB Financial Group (CWB) is a diverse financial services organization known for a highly proactive customer experience serving businesses and individuals across Canada. The main lines of business of the CWB include full business and personal banking services offered through branches of Canadian Western Bank and Internet banking services provided by Motive Financial. Highly responsive nationwide specialist financing is offered under the CWB Optimum Mortgage, CWB Equipment Financing, CWB National Leasing, CWB Maxium Financial and CWB Franchise Finance banners. Trust services are offered through CWB Trust Services. Comprehensive wealth management services are provided by CWB Wealth Management and its affiliated brands, including TE Wealth, Leon Frazer & Associates, CWB McLean & Partners and Canadian Western Financial. 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 âCWB.PR.Dâ (preferred shares series 9). Learn more at www.cwb.com.
About CI Investment Services CI Investment Services Inc. is a Canadian brokerage firm that provides a wide range of innovative brokerage and trading services to a diverse clientele that includes portfolio managers, introducers and institutional investors. CI Investment Services is a subsidiary of CI Financial Corp. (TSX: CIX, NYSE: CIXX), an independent company providing global asset management and wealth management advisory services with approximately $ 236.5 billion in total assets at February 28, 2021. For more information, please visit www.ciinvestmentservices.com.
SOURCE CWB Trust Services
For more information: Jaspreet Takhar, AVP, Sales & Relationship Management, [emailÂ protected], +1 (604) 699-4833