No longer considered the quiet plumbing of global finance, the custody industry now finds itself at the centre of innovation, scale and strategic influence, with the largest players enjoying an elongated purple patch of rising AUC, strong revenues and a diversified service offering. The four biggest custodians sit down with Global Custodian under the Chatham House Rule for a rare, candid exchange about the transformation sweeping through their industry.

Part two of our off-the-record discussion moves onto the exciting future of technologies becoming a catalyst and not just a cost, the overwhelming potential of AI and how the buy-versus-build discussion has evolved in an unexpected twist.

No longer considered the quiet plumbing of global finance, the custody industry now finds itself at the centre of innovation, scale and strategic influence, with the largest players enjoying an elongated purple patch of rising AUC, strong revenues and a diversified service offering. The four biggest custodians sit down with Global Custodian under the Chatham House Rule for a rare, candid exchange about the transformation sweeping through their industry.

Former BNY asset servicing chief Roman Regelman is spearheading FNZ’s efforts to evolve beyond just its wealth-tech roots through its cloud-native post-trade infrastructure as it targets modernisation across the full value chain.

Landmark development has seen event creation reduced from hours to minutes, with the technology currently being rolled out in North America and extended to the rest of Citi’s custody network by 2026.