Subcustodians are being pressured by declining margins and low interest rates at the same time they are trying to cope with an onslaught of new regulatory requirements. For those with the skill and the wherewithal to meet the challenges, however, the business of protecting and servicing client assets remains profitable. Global investing is expected to continue to increase in the future.
By Gordon Platt
Safeguarding client assets has never been more important in this era of global economic uncertainty —and even subcustodians are finding themselves increasingly in the spotlight as a result of sovereign and commercial pressures.
With the ...