Assets under custody and administration (AuC/A) also jumped 7% for BNY Mellon to $34.5 trillion and 12% for Northern Trust to $10.8 trillion.
RBC I&TS is currently two years into a four-year programme of digitally transforming its back- and middle-office services globally.
The two US investment banks are the first to report their quarterly earnings, with their results often seen as a reflection of the current state of the banking industry.
JP Morgan was the largest custodian in Australia with $778 billion in assets under custody at the end of 2017.
RBC I&TS has made a number of efforts to boost its alternatives coverage globally through senior appointments.
ESG is showing more promise than crypto as a driver for custody business.
John Plansky, head of State Street Global Exchange, is named CEO of Charles River as Peter Lambertus takes on strategic consultant role.
The move is the latest effort by custodians to expand into the front-office; however, Northern Trust is the first to take on certain trading activities for asset managers.
NPS will also outsource, for the first time, its middle-office processes for all of its overseas investments to State Street.
The deal marks a significant milestone for Northern Trust’s aim to grow its collective investment trust fund services business in the US.