Author: Dan Keeler, Joseph Giarraputo

Global Finance names the World's Best Sub-Custodian Banks 2010

NEW YORK, May 19, 2010 – 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, business continuity 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 Washington DC in October.

“Sub-custodians provide the specialized services that make cross-border investing possible,” 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.”

For editorial information please contact: Dan Keeler, Editor, email:

North America Citi
Western Europe BNP Paribas
Central and Eastern Europe UniCredit
Nordic Countries SEB
Middle East HSBC
Africa Standard Bank
Latin America Citi
Caribbean Republic Bank

Argentina Citi
Australia HSBC
Austria UniCredit
Bahrain HSBC
Belgium ING
Brazil Citi
Canada CIBC Mellon
Chile Banco de Chile
Chine ICBC
Colombia Citi
Croatia Zagrebacka Banka
Cyprus Citi
Czech Republic CSOB
Denmark Danske Bank
Egypt Commercial International Bank
Finland Nordea
France BNP Paribas
Georgia Bank of Georgia
Germany Deutsche Bank
Greece Eurobank EFG
Hong Kong HSBC
Hungary ING
Iceland Islandsbanki
India Deutsche Bank
Ireland HSBC
Israel Mizrahi Tefahot
Italy Intesa Sanpaolo
Japan Sumitomo Mitsui Banking
Jordan HSBC
Kazakhstan HSBC
Kuwait HSBC
Lebanon HSBC
Luxembourg KBL European Private Bankers
Malaysia Citi
Mexico Banamex
Netherlands BNP Paribas
New Zealand HSBC
Nigeria Stanbic IBTC Bank
Norway Nordea
Peru Citi
Philippines HSBC
Poland ING
Portugal Banco Espírito Santo (BES)
Qatar HSBC
Russia VTB Bank
Saudi Arabia SABB
Singapore DBS
Slovakia ING
South Africa Nedbank
South Korea HSBC
Spain Santander
Sri Lanka Citi
Sweden SEB
Switzerland Credit Suisse
Taiwan Standard Chartered Bank
Thailand Bangkok Bank
Turkey Deutsche Bank
Ukraine Raiffeisen Bank Aval
United Kingdom HSBC
United States Citi
Uruguay: Itaú Unibanco Banco Multiplo
Venezuela Citi
Vietnam HSBC