Global securities services industry records double-digit revenue growth since 2016
New research from industry analytics provider Coalition showed revenues from global securities services providers collectively reached $37.2 billion in 2018.
Tag: Sub custody
CACEIS to acquire Dutch custodian KAS Bank
The Dutch market is known to be the home of some of Europe’s largest pension funds, as well as leading private equity and real estate funds.
Old kid, new block
Six years ago, BNP Paribas was the only top five global custodian without a presence in the US. Since then, it has established a New York-based operation. How has the bank approached the challenge of breaking in to such a mature market?
Network managers advocate dropping of cyber-security questions from sub-custody DDQ
Cyber-security could be one of the sections that will be dropped from an industry-wide questionnaire network managers use when selecting a sub-custodian.
Citi launches sub-custody and clearing in Norway
Citi already offers direct custody and clearing services in Denmark, Finland and Sweden, with expansion taking its European sub-custody network to 37 markets.
A look back at the biggest moments for Soc Gen’s outgoing securities services leader
Looking at some of the top five achievements for Societe Generale's outgoing head of securities services, Bruno Prigent, during his time at SGSS.
Network managers reducing DDQ questions for sub-custodians
The DDQ was at risk of becoming unstuck as network managers pumped the document with their own proprietary questions.
Sub-custodians face backlash over added DDQ charges
Some sub-custodians have witnessed a dramatic increase in the number of questions being asked in their due diligence questionnaires.
DNB Bank to shut foreign custody business
Increased competition from its Nordic rivals has created a tougher environment for DNB to secure international sub-custody clients in the country.
BNP backs role of sub-custodians
BNP Paribas has stressed the importance of the local expertise that a sub-custodian provides.