Balancing Efficiency and Innovation
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Evolving The Operating Model in Securities Services
September 2025
This article explores the evolving challenge in securities operations: how institutions can simultaneously simplify legacy infrastructure and implement advanced capabilities to support modern demands. Drawing from real-world client engagements and transformation programs, the article outlines how organizations can balance operational consolidation with innovation.
It emphasizes the importance of data governance, modular technology architecture, AI integration, regulatory resilience, and talent strategy. With indepth analysis and actionable guidance, the piece illustrates how asset managers, pension plans, custodians, and service providers can redesign their operating models to deliver long-term scalability, resilience, and competitive differentiation in an increasingly complex financial environment.
For more information, read “Balancing Efficiency and Innovation: Evolving The Operating Model in Securities Services.”
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Contributors
Richard Anton
Chief Client Officer
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 September 30, 2025, CIBC Mellon had more than C$3.3 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 September 30, 2025 had US$57.8 trillion in assets under custody and/or administration. CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY trade-marks, and is the corporate brand of CIBC Mellon Trust Company.