BEST SUB-CUSTODIANS - 2008
To obtain Global Finance award logos please contact Chris Giarraputo at
chris@gfmag.com or +1 212 524 3214.

For marketing or advertising information please contact Katharine Frey at
kfrey@gfmag.com or +1 212 524 3212.

For editorial information please contact Andrea Fiano, editor, at
afiano@gfmag.com or +1 212 524 3213.

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Global Finance magazine has released its sixth annual ranking of the “Best Sub-Custodians.” This exclusive survey will be published in the July/August issue.

 

Global Finance editors and reporters, with input from expert sources, selected the winners from the institutions that reliably provide the best custody services in local markets and regions
to global custodians. Our criteria included customer relations,quality of service, competitive pricing, smooth handling of exception items, technology platforms, post-settlementoperations, business-continuity plans and knowledge of local regulations and practices. We chose winners in nine regions and 53 countries. The winning banks will be presented their awards at a special ceremony to be held during the Annual Meetings of the IMF and World Bank in Washington DC in October.

 

“Global custodians are making increasing demands on their sub-custodian banks that extend well beyond portfolio-servicing and safekeeping,” said Joseph Giarraputo, publisher of Global Finance. “At times like these, when markets are volatile and uncertain, sub-custodians are called upon to provide intelligence on local markets and sudden changes in regulations and
practices. We have identified those banks that do the best job of providing the high-quality services, advice and assistance that today’s increasingly sophisticated customers have come to expect.”

 

 

Regional Winners
North America The Bank of New York Mellon
Western Europe BNP Paribas
Asia Standard Chartered
Africa Nedbank
Caribbean HSBC
C & E Europe UniCredit
Latin America Citi
Middle East Standard Chartered
Nordic Countries SEB

 


Country Winners
Argentina Citi Lebanon * HSBC
Australia ANZ Malaysia Maybank
Austria UniCredit Mexico Banamex
Bahrain Gulf Custody Netherlands BNP Paribas
Bermuda Bank of Bermuda New Zealand * HSBC
Brazil Banco Itaú Oman HSBC
Canada CIBC Mellon Peru JPMorgan Chase
Chile Citi Philippines Bank of the Philippine Islands
China ICBC Poland UniCredit
Colombia Citi Portugal Banco Espirito Santo (BES)
Cyprus* Citi Qatar HSBC
Czech Republic CSOB Russia UniCredit
Egypt National Bank of Egypt Saudi Arabia SABB
France BNP Paribas Singapore DBS
Germany Deutsche Bank South Africa Nedbank
Greece Eurobank EFG South Korea Korea Exchange Bank
Hong Kong HSBC Spain Santander
Hungary UniCredit Sri Lanka * Citi
India Standard Chartered Sweden SEB
Indonesia Standard Chartered Switzerland Credit Suisse
Israel Bank Hapoalim Taiwan HSBC
Italy Intesa Sanpaolo Thailand Bangkok Bank
Japan Mizuho Turkey Garanti Bank
Jordan HSBC UAE Standard Chartered
Kazakhstan * HSBC United Kingdom HSBC
Kuwait Gulf Custody United States The Bank of New York Mellon
Vietnam * HSBC