The Securities Services industry has gained prominence since the financial crisis. Banks have evolved from being mere custodian banks to offering a wide range of services related to settlement, custody and depositary activities. As a result, Securities Services: the silent heart of the asset management industry
Regulations and technology are two drivers of transformation. We have an industry that is characterised by its high concentration, and by its work to protect fund shareholders and embed the role of digital assets into the investment landscape.
Aurora Cuadros, Corporate Director of Securities Services at Cecabank, states that "in recent months there has been a strong revival of Securities Lending services to retail customers". A concerted effort has been made to develop the internationalisation of services, strengthen technological capabilities in security and performance, work on solutions to maximise customer profits and encourage innovation by promoting new initiatives and projects. “Of note in our case are collaborations with leading entities in the areas of support in the distribution of funds, the optimisation of tax services, and sustainability", says Aurora. Cecabank's competitive position is worth highlighting, as it is in a mature segment of the industry with a high level of capital.
Aurora also notes the importance of establishing strategic alliances with consolidated partners that expand its capabilities in order to cover every customer need. Industry representatives talk about new changes in how the system works, where now, in addition to safeguarding securities, the system's solvency is guaranteed and it acts in defence of the participant's interests.
