Author: Andrea Fiano

Global Finance names the World’s Best Sub-Custodian Banks 2012

150193 SubCustody12

NEW YORK, May 15, 2012 Global Finance magazine has released its ninth 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.”

For editorial information please contact: Andrea Fiano, Editor, email:

An Awards Ceremony for all winners will be conducted at the same time as the October 2012 SIBOS conference in Osaka, Japan. More details to follow. For more information please contact: Katharine Frey, email: or phone: 212-524-3212

North America Citi
Western Europe BNP Paribas
Central and Eastern Europe UniCredit
Nordic Countries SEB
Middle East HSBC
Africa Nedbank

Standard Chartered Bank

Latin America Citi
Caribbean Republic Bank

Argentina: Citi
Armenia: Prometey Bank
Australia: HSBC
Austria: UniCredit
Bahrain: HSBC
Belgium: BNP Paribas
Brazil: Itaú Unibanco
Canada: CIBC Mellon
Chile: Banco de Chile
China: ICBC
Colombia: Citi
Croatia: Zagrebačka Banka
Cyprus: Bank of Cyprus
Czech Republic: UniCredit Bank Czech Republic
Denmark: SEB

Commercial International Bank (CIB)

Finland: Nordea
France: BNP Paribas
Georgia: Bank of Georgia
Germany: Deutsche Bank
Greece: Eurobank EFG
Hong Kong: Standard Chartered Bank
Hungary: UniCredit Bank Hungary
Iceland: Íslandsbanki
India: Deutsche Bank
Indonesia: Standard Chartered Bank
Ireland: HSBC
Israel: Bank Leumi
Italy: Intesa Sanpaolo

Sumitomo Mitsui Banking Corporation

Jordan: HSBC
Kazakhstan: HSBC
Kuwait: HSBC
Lebanon: HSBC
Luxembourg: BNP Paribas
Malaysia: Citi
Mexico: Banamex
Netherlands: BNP Paribas
New Zealand: HSBC
Nigeria: Stanbic IBTC Bank
Norway: Nordea
Oman: HSBC
Pakistan: Deutsche Bank
Paraguay: Banco Itaú Paraguay
Peru: Citi
Philippines: HSBC
Poland: Bank Pekao
Portugal: Banco Espírito Santo (BES)
Qatar: HSBC
Romania: ING Bank


ING Bank
Saudi Arabia: HSBC
Singapore: DBS
Slovakia: UniCredit Bank Slovakia
South Africa: Nedbank
South Korea: KEB
Spain: BBVA
Sri Lanka: Citi
Sweden: SEB
Switzerland: Credit Suisse
Taiwan: Standard Chartered Bank
Thailand: Bangkok Bank
Turkey: Deutsche Bank
Ukraine: UniCredit Bank
United Kingdom: HSBC
United States: Citi
Uruguay: Itaú Unibanco
Venezuela: Citi
Vietnam: HSBC