Thomas Murray has awarded Danske Bank a Swedish domestic custody rating of A+ overall.
This bank was awarded a rating of AA- for their custody offering and their cash management rating was also updated due to its product improvement in the past year.
“Danske Bank’s very strong custody rating combined with its new Swedish custody rating displays the bank’s ongoing commitment to provide a Nordic custody solution for its clients,” says Simon Thomas, CEO and chief ratings officer of Thomas Murray. “The ability to offer a Nordic solution is likely to become an increasingly important consideration for banks and broker dealers appointing custodians in the region.”
“This rating confirms Danske Bank’s intention to become a major player in the Nordic region as a whole,” says Mogens Sondergaard, executive vice president and head of transaction services at Danske Bank. “Since 2002, we have been developing a Nordic region custody offering, supported primarily from our Danish operations centre but with local staff also, and this rating by Thomas Murray attests to the quality of our Swedish and Danish custody product and demonstrates the realisation of our Nordic strategy.”