February 2013 Vol. 18 No.2
Sub custodians take on the might of the globals
Category: Global
By Toby Garrod
Globally diversified sub custodians, such as Standard Chartered and HSBC, are displaying clear advantages over US-based global custodian counterparts, such as BNY Mellon and State Street, as they forge ahead with global expansion strategies to in a bid to expand market coverage, in a process that is taking them increasingly further into the global custody space.
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