Global Custodian reveals shortlist for Leaders in Custody Asia Awards 2026 

Leaders in Custody Asia returns to spotlight the region’s top-performing providers across survey, Editors’ Choice, innovation and individual categories. 

By Editors

Global Custodian is pleased to reveal the shortlist for its Leaders in Custody Asia Awards 2026, with the ceremony set to take place in Singapore on 28 May this year. 

The awards once again bring together the standout performers from across Asia Pacific, recognising excellence in the agent banks surveys alongside a broad mix of Editors’ Choice, innovation and individual honours. 

The survey awards continue to highlight the top-performing multi-market providers and leading agent banks in individual markets, based on feedback from network managers, asset managers and global custodians.  

As ever, the results reflect performance across a diverse regional landscape, spanning major, emerging and frontier markets. 

Deutsche Bank leads the way this year with an impressive 13 nominations, with BNP Paribas close behind on 11 and HSBC on 10. Mizuho and Standard Chartered Bank have each secured eight nominations. 

Further down the shortlist, Northern Trust features six times, while MUFGDBS and State Street each appear four times. ICBC and Citi also record multiple nominations, alongside BNYJP Morgan and Euroclear. 

You can still nominate for our Innovation Awards via this link. Meanwhile, we have also opened up submissions for our Individual Awards for the first time – you can nominate by clicking here. 

Should you wish to attend the awards, please contactdaljit.sokhi@globalcustodian.com. For survey related awards questions contact beenish.hussain@globalcustodian.comand for Editors’ Choice, or any editorial-related queries, contact jon.watkins@globalcustodian.com.   

The full shortlist can be found below.Congratulations to all those nominated.   

Agent Banks of the Year 

Major Markets 

  • DBS  
  • Mizuho Bank  
  • MUFG  

Emerging Markets 

  • BNP Paribas  
  • Deutsche Bank  
  • Standard Chartered Bank  

Frontier Markets 

  • Deutsche Bank  
  • HSBC  
  • Standard Chartered Bank  

Overall 

  • BNP Paribas  
  • Deutsche Bank  
  • Standard Chartered Bank  

Best in Class: Global 

Account Management 

  • Deutsche Bank (China)  
  • Mizuho Bank (Japan)  
  • Standard Chartered Bank (Malaysia)  

Asset Safety and Risk Management 

  • BNP Paribas (India)  
  • Deutsche Bank (China)  
  • Mizuho Bank (Japan)  

Asset Servicing 

  • Deutsche Bank (China)  
  • ICBC (China)  
  • Mizuho Bank (Japan)  

Client Service 

  • BNP Paribas (India)  
  • Deutsche Bank (China)  
  • Mizuho Bank (Japan)  

Relationship Management 

  • Deutsche Bank (China)  
  • Mizuho Bank (Japan)  
  • MUFG (Japan)  

Technology 

  • BNP Paribas (India)  
  • Deutsche Bank (China)  
  • Mizuho Bank (Japan)  

As Voted For By… 

Network Managers 

  • BNP Paribas  
  • Deutsche Bank  
  • UBS  

Asset Managers 

  • BNP Paribas  
  • Deutsche Bank  
  • ICBC  

Global Custodians 

  • DBS  
  • Deutsche Bank  
  • HSBC  

Best Custodian In… 

China 

  • Deutsche Bank  
  • ICBC  
  • Standard Chartered Bank  

Hong Kong 

  • DBS  
  • Deutsche Bank  
  • Standard Chartered Bank  

India 

  • BNP Paribas  
  • Deutsche Bank  
  • Nuvama Asset Services  

Japan 

  • Mizuho Bank  
  • MUFG  

Singapore 

  • DBS  
  • Deutsche Bank  
  • Standard Chartered Bank  

Fund Services 

Fund Administrator of the Year 

  • Apex Group  
  • Citco  
  • Precision Fund Services  

ETF Administrator of the Year 

  • Citi  
  • HSBC  
  • State Street  

Editors’ Choice 

Global Custodian of the Year 

  • BNP Paribas  
  • BNY  
  • Citi  
  • JP Morgan  
  • State Street  

Custody Deal of the Year 

  • Citi – U.S. Bank  
  • HSBC – Jio BlackRock Asset Management  
  • JP Morgan – Income Insurance Limited  
  • MUFG – U.S. Bank  

Fund Services Deal of the Year 

  • BNP Paribas – Maybank Asset Management Singapore  
  • Brown Brothers Harriman (BBH) – ICBC UBS Asset Management  
  • HSBC – BlackRock Taiwan ETFs  
  • Northern Trust – Avanda Investment Management  

Asset Servicing Partnership of the Year 

  • Clearstream – ICBC  
  • Euroclear – Marketnode  
  • State Street – Daiwa  

Asset Servicing Deal of the Year (Australia) 

  • BNP Paribas – Medibank  
  • HSBC – Allianz Australia  
  • Northern Trust – Generation Life  

Data & Analytics Deal of the Year 

  • BNP Paribas – UniSuper  
  • BNY – GPIF  

Fintech of the Year 

  • Chainlink  
  • MarketNode  
  • Proxymity  
  • Zodia  

Digital Asset / DLT Initiative of the Year 

  • Euroclear – Digital Financial Market Infrastructure (D-FMI)  
  • HSBC Orion  
  • Northern Trust – Cross-border trading of digital carbon credits  
  • UBS, Chainlink & DigiFT – Automation of tokenised fund operations  

Excellence in Digital Asset Innovation 

  • Chainlink  
  • HSBC  
  • Northern Trust  
  • Standard Chartered Bank  

Market Infrastructure Project of the Year 

  • Clearstream / Euroclear – Offshore Chinese government bonds collateral initiative  
  • Euroclear – Digital Financial Market Infrastructure (D-FMI)  
  • HKEX – Bond Connect Securities Collateral  

Asset Servicing Project One to Watch 

  • Euroclear / Marketnode – End-to-end fund order and processing solution  
  • Northern Trust Carbon Ecosystem  
  • OCBC Securities Lending  

Outstanding Achievement / Special Recognition 

  • HSBC Orion  
  • Northern Trust – Carbon Credits and Tokenisation Initiatives  
  • Proxymity – Australia Proxy Voting Transformation  
  • State Street – Mizuho Acquisition 

 

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