The drop across the industry bucks a four-year growth streak which begun to pick up significantly from 2016.
Tag: Sub custody
Emma Prophet had led Morgan Stanley’s global network of agent banks and central securities depository (CSD) relationships for over three years.
The publication of the latest Agent Banks in Emerging Markets Survey points to a calming of nerves.
APAC markets outside of China are seeing renewed interest from global institutional investors following a series of market structure and regulatory reforms.
Global Custodian looks at some of the critical issues discussed at The Network Forum Middle East Meeting in Oman earlier this week.
Can custody be white labelled and adopted by local providers or will custodians with global sub-custody networks dominate?
Relationship represents over $10 billion in assets and comes seven years after BNP Paribas Securities Services embarked on its US growth strategy.
Sub-custodians are now forced to adapt their businesses to accommodate the competition posed by Investor CSD models.
Industry experts argued further consolidation in the custody industry could be likely, but doubted it will happen within the next 12 months to five years.