CIBC Mellon and BNY launch Canadian integrated investment operations solution
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CIBC Mellon and BNY launch Canadian integrated investment operations solution 21 March 2025Canada Reporter: Jack McRae
Image: stock.adobe.com/Henryk Sadura
CIBC Mellon and BNY have launched the first integrated investment operations solution in Canada.
The launch, in collaboration with iA Financial Group, aims to further optimise its investment management technologies.
Jean-Pierre Cornillaut, managing director, chief operating officer (Investments) at iAGAM, says: "We are driven by operational efficiency, and this transformation allows us not only to increase our efficiency but also to benefit our clients and their portfolios."
The solution includes the first outsourced general insurance fund accounting solution in Canada.
Mal Cullen, CEO of CIBC Mellon, comments: "This transformation for iAGAM will serve as a model for other asset managers and asset owners in Canada who are looking to secure the future of their operations.
“This is a model that will provide a path for future investment operations not only in Canada but around the world.”
Mark McKeon, global head of market tracking solutions at BNY, adds: "This mandate was forged with iA Financial Group’s clear goal: to redefine its operational framework for investments and strengthen its activities to support sustained and efficient growth.”
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Image: stock.adobe.com/Henryk Sadura 