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A hybrid cloud deployment model is most suitable given the requirements. This model combines on-premises infrastructure (or private cloud) with public cloud services, providing geographic dispersion while allowing local access to data. It also facilitates the use of legacy applications that might not be well-suited for a full public cloud environment.References: The hybrid model is a fundamental concept within the CompTIA Cloud+ curriculum, under the section of Cloud Concepts, that explains deployment models.

Infrastructure as a Service (IaaS) provides the most flexibility among cloud service models, allowing for the implementation of custom security and compliance standards, such as CIS compliance. IaaS environments offer control over the infrastructure, enabling patch management within specific time frames. Additionally, IaaS providers typically offer configurable storage options, including the ability to specify IOPS (Input/Output Operations Per Second) per volume to meet performance requirements.