GlobalCustody.net, the information platform for users and providers of securities services, reports that the market has hit an all-time high of approaching US$120 trillion.
GlobalCustody.net has surveyed the world’s custodian banks, and non-bank niche providers, of which more than 50 have reported the value of client assets under their custody. The above headline figure corresponds to the aggregate value of assets under custody across all these service providers.
Commenting on this development, Andrew Stephenson, GlobalCustody.net founder and CEO said: “The industry has continued to outpace stock market growth by a wide margin. Aggregate assets under custody has now surged past the 2007 previous all-time high, yet markets are still materially lower.”
