February 2013 Vol. 18 No.2
Sub custodians take on the might of the globals
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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