CIBC Mellon has bought the investment fund custody business of TD Bank Financial Group and will be TD Bank's primary supplier of internal custody services.

This acquisition will result in CIBC Mellon increasing its custodial assets under administration by approximately C$75bn (€55bn), bringing its total assets under administration to about C$560bn.

CIBC Mellon buys TD Bank's custody business

Niki Natarajan

AGF Management

Canadian Imperial Bank of Commerce

TD Bank Financial Group

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