Global Custodian reveals winners of Leaders in Custody Asia awards 2025

Global Custodian is delighted to announce the winners of its third annual Leaders in Custody Asia awards, held at Raffles in Singapore last night. 

BNP Paribas and Citi won four awards apiece on the evening, while Deutsche Bank, Standard Chartered and Mizuho Bank netted a hat-trick of honours. State Street, DBS Bank, HSBC and  Proxymity were among the organisations to pick up two awards. 

The event celebrated the outstanding securities services providers across the Asia Pacific region, including those who have excelled in Global Custodian’s Agent Bank surveys, alongside our Editors’ Choice, Innovation and Individual honours. 

In our Editors’ Choice segment, Citi took home the Global Custodian of the Year Asia award, while JP Morgan scooped Deal of the Year for its mandate with the Employees Provident Fund in Malaysia. 

Fund Services Deal of the Year went to Citi for its work with Global X ETF, while BNP Paribas won Asset Servicing Deal of the Year Australia for its partnership with Insignia Financial. 

State Street picked up two honours: Asset Servicing Partnership of the Year for its tie-up with JSCC, and Best Asset Servicing Project for its Shariah Compliant Custody initiative.  

Marketnode was named Fintech One to Watch. 

Deutsche Bank, Standard Chartered Bank, ICICI Bank, Mizuho Bank and DBS Bank were among the standout winners in the survey categories, alongside MUFG and HSBC. 

Deutsche Bank was crowned Agent Bank of the Year: Overall and Best Custodian in China, while Standard Chartered Bank picked up Agent Bank of the Year: Frontier Markets and Best Custodian in Hong Kong. 

BNP Paribas was named Agent Bank of the Year: Emerging Markets, with Mizuho Bank taking home both Agent Bank of the Year: Major Markets and Best Custodian in Japan. 
The bank’s India unit also won Best in Class for Asset Servicing.   

DBS Bank was awarded Best in Class for Asset Safety and Risk Management and Best Custodian in Singapore. 

Mizuho Bank was also recognised for Best in Class Client Service, and MUFG for Best in Class Relationship Management.  

HSBC was named Best Provider as Rated by Network Managers across both Major and Emerging Markets. 

Other winners included Citco for Fund Administrator of the Year and Citi for ETF Administrator of the Year.  

Finally, four Industry Legends were recognised on the night: Phil Van Dine, Sriram Krishnan, Rohan Singh and Jacqueline May Ling Liau. 

A full list of winners can be found below: