State Street hits record servicing fee revenue of $10.9bn in 2025
Over the year, State Street secured four Alpha mandates, and $484bn in new servicing AUC/A wins, with the majority coming from insurance clients and asset managers.
Custody
Custody
BNY doubles down on organic growth as 2025 results shine
Strong growth in ETFs and private markets, alongside accelerating momentum in Asia, were key drivers of BNY’s 2025 performance, as the bank maintains a disciplined openness to M&A.
Russia exit drives Q4 surge for Citi’s securities services business
Annual revenue grows 15% to $5.8 billion – marking the fifth consecutive year of revenue growth for the firm.
Northern Trust expands global custody mandate with AMF
The renewed agreement with the Swedish pension provider includes custody and investment operations services.
BNP Paribas to support Infranity infrastructure fund launch
Wide-ranging mandate covers custody, administration, middle-office and depositary services for new ELTIF in France.
JP Morgan’s securities services revenue hits $5.6bn in 2025 as AUC reach $41trn
Custodian posts thirteenth consecutive quarter of year-on-year revenue growth, extending a streak that began in Q4 2022.
BNY posts record $9.7bn securities services revenue in 2025
Assets under custody/administration reach $59.3 trillion, as the global bank rounds off stellar year.
State Street to service Columbia Threadneedle’s first active UCITS ETFs in Europe
The mandate supports launch of US and European equity strategies, with additional products planned.
Custody
Global Custodian’s most read stories of the year part three: Awards, major mandates and rare custody M&A
Counting down from 5-1 of the most read news stories on Global Custodian over the past 12 months, featuring HSBC, BNY, JP Morgan and State Street.
Custody
A new era of custody: How the biggest four players are shaping the future of global securities services
No longer considered the quiet plumbing of global finance, the custody industry now finds itself at the centre of innovation, scale and strategic influence, with the largest players enjoying an elongated purple patch of rising AUC, strong revenues and a diversified service offering. The four biggest custodians sit down with Global Custodian under the Chatham House Rule for a rare, candid exchange about the transformation sweeping through their industry.