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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