Fundamental changes in the asset management industry have been building for some time as institutional investors have pursued innovation for competitive advantage – however, the pandemic market dislocation and remote operating environment have rapidly accelerated the pace of transformation.
In a new and wide-ranging research study covering 200 asset managers from Canada and around the world, our global enterprise shows why such changes have reached a point of no return.
In chapter one of a new “Canada vs. the World” research series, we draw from BNY Mellon’s global insights and our local experience to contextualize selected areas where Canadian asset managers are leading or trailing the global consensus.
For more information, read our paper.
Digital technologies enable organizations to drive top-line growth by transforming the client experience. In the second chapter of our research, we outline the ways that digitization has transformed asset management.
Read chapter two.
As Canadian asset managers address the industry’s digital imperatives, they create opportunities for new offerings. These offerings could include new strategies and vehicles, access to more asset classes, or potentially even products for emerging investor segments.
For more information, read chapter three.
The fourth chapter focuses on how the increased adoption of new technologies is shaking up the way asset managers distribute their products. With these changes come new channels and new rules for bringing investment offerings to market.
Read chapter four.
In our fifth and final chapter, we return to the theme of transformation, exploring how evolutionary pressures have built and accelerated past the point of no return, and we explore how the future of digital enterprise operations for asset managers must be rooted in three core principles: resilience, innovation and scalability.
For more information, read chapter five.
We thank the many clients, industry stakeholders and colleagues across CIBC Mellon, CIBC and BNY Mellon whose insights helped bring this series to market.
We welcome feedback at email@example.com
- Transformation in Asset Management: Canada vs. the World – Chapter 1
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- Transformation in Asset Management: Canada vs. the World – Chapter 2
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- Transformation in Asset Management: Canada vs. the World – Chapter 3
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- Transformation in Asset Management: Canada vs. the World – Chapter 4
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- Transformation in Asset Management: Canada vs. the World – Chapter 5
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Darcie James Maxwell
Head of OMNI Digital Services Canada
Vice President, Client Solutions & Business Development
Vice President, Relationship Management and Segment Co-lead, Asset Managers
Executive Director, Relationship Development and Segment Co-lead, Asset Managers
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 Mellon) 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 September 30, 2023, CIBC Mellon had more than C$2.4 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 Mellon network, which as at September 30, 2023 had US$45.7 trillion in assets under custody and/or administration. CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY Mellon 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 or follow us on Twitter @CIBCMellon.