Global Finance magazine has released its seventh annual ranking of the “Best Sub-Custodians.” The survey will be published in the July/August issue. Global Finance editors and reporters, with input from expert sources, selected the winners from the institutions that reliably provide the best custody services in local markets and regions to global custodians.
RZB was declared “Best Subcustodian” for the CEE Region as well as Austria, and the local Raiffeisenbanks in Poland and Ukraine won the award for their home markets.
The criteria included customer relations, quality of service, competitive pricing, smooth handling of exception items, technology platforms, post-settlement operations, businesscon- tinuity plans and knowledge of local regulations and practices. The winning banks will be presented their awards at a special ceremony to be held during the Annual Meetings of the IMF and World Bank in Istanbul in October.
“At times like these, when markets are volatile and uncertain, subcustodians are called upon to provide intelligence on local markets and sudden changes in regulations and prac- tices,” says Joseph Giarraputo, publisher of Global Finance. “We have identified those banks that do the best job of providing the high-quality services, advice and assistance that today’s increasingly sophisticated customers have come to expect.”
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