CIBC Mellon leans into the future of work
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Leveraging lessons learned to enhance resiliency, flexibility and connectivity through the pandemic and beyond
December 2021
CIBC Mellon spent many years establishing a strong and resilient foundation, enabling it to rapidly shift 99% of our team to remote work and deliver stable execution through the ongoing pandemic. As volumes and volatility subsided from the record highs, we saw key metrics in both operational efficiency and employee sentiment continue to meet and in a number of cases exceed pre-pandemic benchmarks. The company also launched a strategic “Future Ways of Work” initiative, engaged external consultants and took stock of how we can leverage the initiative’s success to better position our clients and our employees for success through the challenges of 2021 and beyond.
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Contributors
Richard Anton
Chief Operations Officer, CIBC Mellon
Derek Ranjitsingh
Vice President, IT Transformation & Technology Operations, CIBC Mellon
This article is provided for general information purposes only and CIBC Mellon and its affiliates make no representations or warranties as to its accuracy or completeness, nor do any of them take any responsibility for third parties to which reference may be made. This article should not be regarded as legal, accounting, investment, financial or other professional advice nor is it intended for such use.
About CIBC Mellon
CIBC Mellon is a Canadian company exclusively focused on the investment servicing needs of Canadian institutional investors and international institutional investors into Canada. Founded in 1996, CIBC Mellon is 50-50 jointly owned by The Bank of New York Mellon (BNY) and Canadian Imperial Bank of Commerce (CIBC). CIBC Mellon's investment servicing solutions for institutions and corporations are provided in close collaboration with our parent companies, and include custody, multicurrency accounting, fund administration, recordkeeping, pension services, exchange-traded fund services, securities lending services, foreign exchange processing and settlement, and treasury services.
As at June 30, 2024, CIBC Mellon had more than C$2.8 trillion of assets under administration on behalf of banks, pension funds, investment funds, corporations, governments, insurance companies, foreign insurance trusts, foundations and global financial institutions whose clients invest in Canada. CIBC Mellon is part of the BNY network, which as at June 30, 2024 had US$49.5 trillion in assets under custody and/or administration. CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY trade-marks, is the corporate brand of CIBC Mellon Global Securities Services Company and CIBC Mellon Trust Company, and may be used as a generic term to refer to either or both companies.
For more information – including CIBC Mellon's latest knowledge leadership on issues relevant to institutional investors active in Canada – visit www.cibcmellon.com