Driving Efficiency and Cost Reduction for a Canadian Pension Fund

We orchestrated a seamless transition to third-party asset servicing—combining deep industry expertise with strategic planning to reduce costs while enhancing multi-asset reporting capabilities.

The Challenge

The client, a Canadian pension fund, was undergoing a major migration project to a third-party asset servicer. The goal was to enable multi-asset class reporting capabilities while simultaneously reducing operational and system costs across the organization. This complex migration required industry expertise, strategic planning, and effective coordination to ensure a smooth transition and achieve the desired outcomes.

Our Approach

Liqueo was engaged to provide market expertise and support for planning during the transition and migration effort. Our approach was both comprehensive and strategic, involving:

Industry Expertise and Internal Knowledge Leverage: Liqueo leveraged its deep industry expertise, drawing on internal knowledge across multiple business areas such as Snowflake, cloud technology, and Enterprise Data Management. This allowed us to bring best practices to the migration, ensuring it aligned with industry standards.
Vendor and Peer Assessment: We used our external contacts to conduct vendor and peer assessments of Order and Portfolio Management Systems. This benchmarking provided valuable insights into the best options for the client and helped guide the selection of suitable solutions.
Comprehensive Review and Recommendations: Liqueo performed a detailed review of internal people, processes, and systems, making targeted recommendations for improvements. We also conducted a best practice review of the Private Market Operating Model to enhance efficiency.
Project Management and Continuous Improvement: We provided project management of internal tasks, supporting the client’s continuous improvement efforts during the migration. This ensured that internal activities were well-coordinated and aligned with the overall migration objectives.

The Results

Enhanced Reporting Capabilities: The migration enabled the client to implement multi-asset class reporting, improving their ability to provide comprehensive, timely, and accurate insights across their investment portfolios.
Operational Cost Savings: By leveraging best practices and optimiing the migration process, Liqueo helped the client reduce operational and system costs, delivering significant long-term savings across the organization.
Best Practice Alignment: Our involvement ensured that the migration was aligned with industry best practices, especially in areas like Private Market Operating Models and Enterprise Data Management, setting a solid foundation for future scalability and growth.
Informed Vendor Selection: Through our vendor and peer assessments, we provided the client with informed recommendations, enabling them to make better strategic choices regarding Order and Portfolio Management Systems.
Smooth Transition and Reduced Risks: Our strategic planning, expertise, and project management support facilitated a smooth transition, minimizing the risks associated with the migration and ensuring that the client’s long-term goals were achieved effectively.