Author: Joseph Giarraputo

NEW YORK, May 12, 2009 —Global Finance magazine has released its seventh 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-settlement operations, businesscontinuity plans and knowledge of local regulations and practices.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 Istanbul in October.

“At times like these, when markets are volatile and uncertain, subcustodians are called upon to provide intelligence on local markets and sudden changes in regulations and practices,” said Joseph Giarraputo, publisher of Global Finance. “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 RZB
Latin America Citi
Middle East HSBC
Nordic Countries SEB

Country Winners
Argentina Citi Luxembourg KBL European Private Bankers S.A
Australia National Australia Bank Malaysia Maybank
Austria RZB Mexico Banamex
Bahrain HSBC Netherlands BNP Paribas
Belgium KBC Securities New Zealand HSBC
Brazil Itaú Unibanco Banco Multiplo Nigeria Stanbic IBTC Bank
Canada CIBC Mellon Norway SEB
Chile Banco de Chile Oman BankMuscat
China ICBC Paraguay Interbanco
Colombia Citi Peru J.P. Morgan Chase
Croatia RZB Philippines HSBC
Cyprus Marfin Popular Bank Poland Raiffeisen Bank Polska
Czech Republic CSOB Portugal Banco Espirito Santo (BES)
Denmark Danske Bank Qatar HSBC
Egypt CIB Russia VTB Bank
Finland SEB Saudi Arabia SABB
France BNP Paribas Singapore DBS
Georgia Bank of Georgia South Africa Nedbank
Germany Deutsche Bank South Korea Korea Exchange Bank
Greece Eurobank EFG Spain Santander
Hong Kong HSBC Sri Lanka Citi
Hungary RZB Sweden SEB
Iceland Islandsbanki Switzerland Credit Suisse
India Standard Chartered Taiwan HSBC
Indonesia Standard Chartered Thailand Bangkok Bank
Ireland HSBC Turkey Deutsche Bank
Israel Mizrahi Tefahot UAE Standard Chartered
Italy Intesa Sanpaolo Ukraine Raiffeisen Bank Aval
Japan Mizuho Corporate Bank United Kingdom HSBC
Jordan HSBC United States State Street
Kazakhstan HSBC Uruguay Itaú Unibanco Banco Multiplo
Kuwait HSBC Venezuela Citi
Lebanon HSBC Vietnam HSBC