The Bank of New York is set to add Serbia to its list of locations providing sub-custodial services, the bank announced Thursday.
Bank Austria Creditanstalt AG, by way of its subsidiary in Serbia HVB Bank Serbia & Montenegro JSB, will act as the bank’s sub-custodian, offering their clients a number of services for securities traded in the Serbian market.
The addition of the Serbian sub-custodian brings the number of locations within BNY’s sub-custody network to 102.