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CIBC
CIBC Average Score 2022 Average Score 2021 Average Score last 3 years Global Average Difference with Global Average Capital Introductions 6.11 N / A N / A 5.38 0.73 Client Services 6.62 N / A N / A 6.14 0.48 Consulting 6.27 N / A N / A 5.91 0.36 Operations 6.38 N / A N / A 6.00 0.38 Technology 6.11 N / A N / A 5.79 0.32 Risk Management 6.21 N / A N / A 5.88 0.33 Asset Safety 6.33 N / A N / A 6.15 0.18 Trading and Execution 6.29 N / A N / A 6.19 0.10 Financing 6.25 N / A N / A 5.81 0.44 Stock Borrowing and Lending 6.15 N / A N / A 5.93 0.22 Foreign Exchange Prime Brokerage 6.38 N / A N / A 6.04 0.34 Fixed Income 5.92 N / A N / A 6.00 -0.08 OTC Clearing 5.80 N / A N / A 5.92 -0.12 Listed Derivatives 6.62 N / A N / A 6.07 0.55 Average 6.25 N / A N / A 5.94 0.31
This year , Canadian bank CIBC crosses the threshold for a full write up with a set of results that do not disappoint . All but two categories ( Fixed Income and OTC Clearing ) record scores above 6.00 and in excess of the global average . At the top end of the table , Client Services and Listed Derivatives both achieve 6.62 . CIBC ’ s Prime Services Group ( PSG ) has , says the firm , grown considerably in personnel , product offering , and scalability with considerable investments in technology , operations , and key hires across the platform . “ International expansion , synthetic capabilities , and multi-asset support will allow the business to continue its growth trajectory ,” it adds . Recent extensions to its service offering include CIBC ’ s Corporate Bond Margin Lending platform . It has also introduced synthetic financing as an off-balance sheet alternative to traditional prime brokerage across a suite of products – single stock , portfolio swaps , custom baskets and index products on global equities and ETFs . “ These products can be traded and reported on swap , in coordination with our experienced delta-one traders and prime services specialists ,” says the firm , which also offers a full spectrum electronic execution platform for both US and Canadian equities . Of note are CIBC ’ s efforts in bringing US clients to the attention of Canadian investors , reflected in the relatively high score for Capital Introductions . “ Very skilled team leading the way in introducing Canadian investors to US Funds . This has been very beneficial for us ,” says one US respondent .
64 Global Custodian Fund Services Annual 2022