TORONTO, ONTARIO--(Marketwired - Oct. 3, 2013) - CST Trust Company (CST) announced today that it has launched corporate trust services as a new product line throughout Canada. Through this comprehensive suite of services, CST can assume the roles of trustee, agent or custodian in asset securitizations, debt financing transactions, and collateral or escrow agency arrangements.
"We are pleased to offer a full range of corporate trust products to complement our wide range of services already available to existing and potential clients," said Laurel Savoy, President and Chief Executive Officer of CST. "In preparing for the launch of corporate trust, CST's marketing, operations and client servicing teams came together with the shared vision of enhancing and broadening the client and investor experience."
In conjunction with the launch of the corporate trust offering, CST also announced the hiring of Nelia Andrade as Director for the new team. Andrade is based in CST's Montreal office and oversees corporate trust nationally.
"Many clients have already expressed interest in this service line," explained Andrade. "Our experienced team is ready to assist in all aspects of corporate trust with the same level of service and professionalism the marketplace expects from CST."
Andrade has more than 20 years of experience in the trust industry, with particular expertise in corporate trust. Prior to joining CST, Andrade held key positions with two leading national corporate trust providers.
About CST Trust Company
CST Trust Company (CST) is part of the Link Group, an international network of providers of transfer agent and employee plan services. Headquartered in Toronto with offices in Montreal, Calgary, Halifax and Vancouver, CST provides issuers with global solutions through local service. CST and its U.S. partner, American Stock Transfer & Trust Company, LLC (AST), form the North American division of the Link Group. This division provides service to over 8,000 public issues and more than 5.5 million shareholders in over 22 foreign countries, ranging in size from initial public offerings to Fortune 100 companies.