Marret Asset Management Inc. has appointed CIBC Mellon Global Securities Services Company to provide global custody, unitholder recordkeeping and fund accounting for its closed-end and pooled funds.

Marret Asset Management, a credit fixed income manager, advises on more than $3 billion in high-yield and investment-grade corporate debt assets for institutional and mutual fund clients.

“We’re confident that CIBC Mellon’s excellent service and solutions will help us deliver high quality products for years to come,” said Lara Misner, vice-president at Marret Asset Management.

“We look forward to helping Marret fulfill its mission on being a product innovator in asset management,” said David S. Linds, senior vice-president of business development and client relationship management at CIBC Mellon.