Leaders In Custody Winners: Make mine a double

Half a dozen major custodian banks take home double honours or more from Global Custodian’s Leaders in Custody awards.

By Joe Parsons

Citi, Deutsche Bank and HSBC were among those who scooped multiple honours from Global Custodian’s annual Leaders in Custody awards 2018 in London.

BNP Paribas, SIX Securities Services and Mizuho Bank also took home two or more awards apiece from the night at the Savoy hotel, as a packed-out room celebrated the achievements of the industry over the past 12 months.

Elsewhere, Global Custodian handed its first ever award to LCH for Best Innovation in Market Infrastructure, following the introduction of CustodialSeg, a new direct collateral account for asset managers.

In perhaps the most comprehensive victory of the night, Piraeus Bank’s relationship management and client service scores from our annual surveys saw it far ahead of the competition in the Agent Banks in Major Markets category.

Our inaugural Custody Deal of the Year prize went to Deutsche Bank for its custody mandate granted by State Street, marking a significant win for the German bank and its TARGET2 Securities strategy.

In the publications biggest awards ceremony to-date, Pervaiz Panjwani, head of custody and fund services, EMEA at Citi also scooped the coveted Industry Person of the Year award after more than 6,000 were cast during the day of the event.

It was a night to celebrate for individuals as well, with new inductees entering the Global Custodian hall of fame from HSBC, JP Morgan, Clearstream and Citi.

Industry veteran Margaret Harwood-Jones, global head of securities services, transaction banking, Standard Chartered received the lifetime achievement award for her services to the market.

A list of all the winners and nominees are on the following pages, congratulations to all those involved.

Photos from the night can be found here.

A full list of the winners can be found fellow:

Network Awards

Best Bank Network

Credit Suisse

Best Broker Dealer Network

MUFG Securities EMEA

Best Global Custodian Network


Best ICSD Network

ABMM Global Excellence Awards shortlists

Relationship Management & Client Service

Piraeus Bank

Value Delivered

SIX Securities Services

Proxy voting services



Mizuho Bank

ABEM Global Excellence Awards

Value Delivered

BNP Paribas

Quality of personnel

Deutsche Bank

Leading Client Awards


Asia Pac


Central and Eastern Europe








Northern Europe


Southern Europe


Western Europe

BNP Paribas

Editors’ Choice Awards

Editors’ Choice

Custody Deal of the Year

Deutsche Bank – State Street T2S mandate

Best Innovation in Service Provision

Citi – Proxymity

Best Innovation in Market Infrastructure

LCH – CustodialSeg

Network Management Team Winners

Global Custodian Network Team

Mizhuo Trust & Banking

Bank Network Team

Standard Chartered

Innovation Awards

Innovation in Tri-Party Services

 BNP Paribas Securities Services

Innovation in Start-Up Initiatives


Innovation in Network Management

Raiffeisen Bank International

Innovation in Post-Trade Technology

IHS Markit

Innovation in Market Collaboration

Deutsche Bank, Euroclear, Northern Trust

Innovation in Fees Management


Lifetime Achievement Award

Margaret Harwood-Jones, global head of securities services, Standard Chartered

Industry Person of the Year

Pervaiz Panjwani, head of custody and fund services, EMEA, Citi

GC Legends and Hall of fame inductees

Sanjiv Sawhney, global head of custody and fund services, Citi

Philippe Seyll co-head, Clearstream Banking

John Van Verre, global head of custody, HSBC Securities Services

Joan Kehoe, global head of alternative investment services, JP Morgan