Canadian Western Trust assets under administration surpass $6 billion

VANCOUVER, Oct. 27 /CNW/ - Canadian Western Trust Company (CWT) today announced the achievement of a new internal benchmark by surpassing $6 billion of assets under administration. This milestone represents approximately 20 per cent growth in CWT's assets under administration over the past 14 months.

"Our ability to build our client base and achieve this level of growth through a challenging economic period confirms the strength of CWT's business," said Adrian Baker, Vice President and Chief Operating Officer of Canadian Western Trust. "We plan to further enhance CWT's position as a preferred trust services provider by continuing to offer our clients innovative and flexible solutions that are tailored to meet their needs." 

About Canadian Western Trust
Based in Vancouver, British Columbia, Canadian Western Trust Company (CWT) is a wholly owned subsidiary of Canadian Western Bank (TSX: CWB). CWT offers self-directed registered accounts and investment account services to independent financial advisors, mortgage brokers and individuals. CWT also provides corporate and group services to corporations that offer employee retirement and pension plans. Established in 1987, CWT became part of the Canadian Western Bank Group in 1996 and currently administers over $6 billion of assets. Refer to www.cwt.ca for more information.

For further information:

Adrian Baker
Vice President and COO, Trust Services
Canadian Western Trust
Phone: [phone]
E-mail: [email protected]