Custody Services | Global Finance Names the World's Best Subcustodian Banks of 2015.


NEW YORK, May 7, 2015 — Global Finance magazine has announced its thirteenth annual awards for the World’s Best Subcustodian Banks. A full report on the selections will appear in the July/August issue of Global Finance.

Global Finance’s editorial board, making use of market research, input from expert sources and entry information from banks, selected the winners from the institutions that reliably provide the best 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.

“Subcustodial institutions face a vastly increased focus on due diligence not only from their custodial and prime broker clients, but also from their clients’ fund manager clients—as a result of global anti-money-laundering, sanctions screening, know-your-customer, and, importantly, KYCC regulations. As such, custodians seek out those subcustody banks that are the safest and have the most in-depth knowledge of local markets and regulatory regimes,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance. “With these awards we evaluate those banks that do the best job of asset servicing and protection in increasingly complex global markets.”


THE WINNERS

Winners will be honored at an Awards Ceremony on the morning of 14th October at the Marina Mandarin Singapore during the 2015 Sibos Conference

REGIONAL WINNERS

  North America Citi
  Western Europe Societe Generale
  Nordic Region Nordea
  Central & Eastern Europe UniCredit
  Asia-Pacific HSBC
  Latin America Citi
  Caribbean Scotiabank
  Middle East HSBC
  Africa Standard Bank

 

COUNTRY WINNERS 

  Argentina

HSBC

  Armenia

Ameriabank

  Australia

National Australia Bank

  Austria

UniCredit Bank Austria

  Bahrain

HSBC

  Belgium

BNP Paribas

  Brazil

Itaú Unibanco

  Bulgaria

UniCredit Bulbank

  Canada

CIBC Mellon

  Chile

Banco de Chile

  China

Industrial and Commercial Bank of China

  Colombia

Citi

  Croatia

Societe Generale-Splitska banka

  Cyprus

Bank of Cyprus

  Czech Republic

UniCredit Bank Czech Republic

  Denmark

Nordea

  Egypt

Commercial Iinternational Bank

  Estonia

SEB Pank

  Finland

Nordea

  France

Societe Generale

  Georgia

Bank of Georgia

  Germany

Deutsche Bank

  Ghana

Stanbic Bank Ghana

  Greece

BNP Paribas

  Hong Kong

HSBC

  Hungary

UniCredit Bank Hungary

  Iceland

Islandsbanki

  India

SBI-SG

  Indonesia

Standard Chartered

  Ireland

HSBC

  Israel

Bank Leumi

  Italy

Intesa Sanpaolo

  Japan

Mizuho

  Jordan

Standard Chartered

  Kazakhstan

Citi

  Kenya

CfC Stanbic Bank

  Kuwait

HSBC

  Latvia

SEB Banka

  Lebanon

HSBC

  Lithuania

SEB bankas

  Luxembourg

BNP Paribas

  Malaysia

Maybank

  Mauritius

HSBC

  Mexico

BBVA Bancomer

  Mongolia

BNP Paribas

  Morocco

BMCI

  Mozambique

Standard Bank Mozambique

  Namibia

Standard Bank Namibia

  Netherlands

BNP Paribas

  New Zealand

National Australia Bank

  Nigeria

Stanbic IBTC Bank

  Norway

Nordea

  Oman

HSBC

  Pakistan

Deutsche Bank

  Paraguay

Banco Itaú Paraguay

  Peru

Citi

  Philippines

HSBC

  Poland

Bank Pekao

  Portugal

Banco Santander Totta

  Qatar

Qatar National Bank

  Romania

Citi

  Russia

SGSS Russia

  Saudi Arabia

HSBC Saudi Arabia

  Serbia

UniCredit Bank Serbia

  Singapore

DBS Bank

  Slovakia

ČSOB Slovakia

  Slovenia

UniCredit Bank Slovenija

  South Africa

Nedbank

  South Korea

Korea Exchange Bank

  Spain

BBVA

  Sri Lanka

Citi

  Sweden

SEB

  Switzerland

Credit Suisse

  Taiwan

CTBC Bank

  Thailand

Bangkok Bank

  Tunisia

Union Internationale de Banques

  Turkey

Türk Ekonomi Bankası

  UAE

HSBC

  Ukraine

Ukrsotsbank

  United Kingdom

HSBC

  United States

Citi

  Uruguay

Itaú Unibanco

  Venezuela

Citi

  Vietnam

Standard Chartered


To obtain rights to use Global Finance’s World’s best Subcustodian Banks 2015 logo, please contact:
Chris Giarraputo | chris@gfmag.com

The unauthorized use of Global Finance Award logos is strictly prohibited.

***When referencing this release, please include a link to GFMag.com and a link to coverage of the awards at https://www.gfmag.com/media/press-releasess/worlds-best-subcustodian-banks-2015 as well as the ‘About Global Finance’ paragraph below. Thank you.

About Global Finance

Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Its website — GFmag.com — offers analysis and articles that are the heritage of 28 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.

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