Author: Joseph Giarraputo

Global Finance names the World’s Best Sub-Custodian Banks 2011


NEW YORK, May 16, 2011 – Global Finance magazine has released its eighth 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.

“Sub-custodians play a critical role in safekeeping client assets,” said Joseph Giarraputo, publisher of Global Finance . “We have identified those banks that do the best job of asset servicing and protection in markets around the world.”


An Awards Ceremony for all winners will be conducted the morning of Monday September 26, 2011 at The National Press Club in Washington DC.

For more information on the awards and/or ceremony please contact:

Tania Vira, Special Projects/Marketing Coordinator, email:

To obtain the Sub-Custodian Award logo, please write to Chris Giarraputo:

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

Argentina Citi
Armenia Prometey Bank
Australia HSBC
Austria UniCredit
Bahrain HSBC
Belgium BNP Paribas
Brazil Citi
Canada CIBC Mellon
Chile Banco de Chile
China ICBC
Colombia Citi
Croatia Zagrebacka Banka
Cyprus Marfin Laiki Bank
Czech Republic CSOB
Denmark SEB
Egypt Commercial International Bank
Finland Nordea
France BNP Paribas
Georgia Bank of Georgia
Germany Deutsche Bank
Greece Eurobank EFG
Hong Kong Standard Chartered Bank
Hungary UniCredit
Iceland Islandsbanki
India Deutsche Bank
Indonesia Standard Chartered Bank
Ireland HSBC
Israel Bank Leumi
Italy Intesa Sanpaolo
Japan Sumitomo Mitsui Banking
Jordan HSBC
Kazakhstan HSBC
Kuwait HSBC
Lebanon HSBC
Luxembourg BNP Paribas
Malaysia Citi
Mexico Banamex
Netherlands BNP Paribas
New Zealand HSBC
Nigeria Stanbic Bank
Norway Nordea
Peru Citi
Philippines HSBC
Poland ING Bank
Portugal Banco Espírito Santo (BES)
Qatar HSBC
Romania ING Bank
Russia VTB Bank
Saudi Arabia SABB
Singapore DBS
Slovakia CSOB
South Africa Standard Bank
South Korea KEB
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
Venezuela Citi
Vietnam HSBC