Issued: June 10, 2024 – (Updated July 11, 2024 – Please note: The original distribution of this press release had an incorrect winner listed for Colombia. It has been corrected here.)Global Finance has announced its selections for the 22nd annual Best Sub-custodian Bank Awards in seven regions and 83 countries, territories & districts. A full report on the selections will appear in the July/August print and digital editions of Global Finance as well as online at GFMag.com.
Global Finance’s editorial board considered market research, input fromexpert sources and entries from banks to select the institutions that reliably provide the best services in local markets and regions. The 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. Global Finance also obtained input from users of sub-custody services. Performance was judged over the period covering January 1, 2023 through December 31, 2023.
“The sub-custodian banking sector is dealing with digital transformation and cybersecurity issues while consolidating services to meet regulatory demands and client expectations,” said Global Finance founder and editorial director Joseph Giarraputo. “Global Finance’s Best Sub-custodian Bank Awards recognizes organizations that are aiming to improve global coverage and operational efficiency in the industry.”
The list of winners of Global Finance’s Best Sub-custodian Bank 2024 Awards follows.
Regional, Country, Territory and District Awards
Africa
Rand Merchant Bank
Botswana
Standard Chartered
Cote d’Ivoire
SGSS Cote d’Ivoire
Egypt
Banque du Caire
Ghana
Standard Chartered
Kenya
Stanbic Bank Kenya
Mauritius
Standard Chartered
Morocco
SGSS Morocco
Mozambique
Standard Bank Mozambique
Namibia
Standard Bank Namibia
Nigeria
Stanbic IBTC Bank
South Africa
Rand Merchant Bank
Tunisia
UIB/SGSS Tunisia
Asia-Pacific
DBS
Australia
BNP Paribas
China
China Construction Bank
Hong Kong
Standard Chartered
India
DBS
Indonesia
Standard Chartered
Japan
MUFG
Malaysia
Standard Chartered
Mongolia
Khan Bank
New Zealand
HSBC
Pakistan
Standard Chartered
Philippines
Standard Chartered
Singapore
DBS
South Korea
Hana Bank
Sri Lanka
Standard Chartered
Taiwan
CTBC
Thailand
Bangkok Bank
Vietnam
Standard Chartered
Central & Eastern Europe
UniCredit
Armenia
AraratBank
Bosnia & Herzegovina
UniCredit Bank
Bulgaria
UniCredit Bulbank
Croatia
OTP Croatia
Czech Republic
Komercni Banka (SGSS)
Estonia
SEB
Georgia
Bank of Georgia
Hungary
UniCredit Bank Hungary
Kazakhstan
Eurasian Bank
Latvia
SEB
Lithuania
SEB
Poland
Bank Pekao
Romania
BRD Group Societe Generale
Serbia
UniCredit Bank Serbia
Slovakia
CSOB
Slovenia
UniCredit Bank Slovenia
Turkey
TEB
Latin America
Citi
Argentina
Citi
Brazil
Bradesco
Chile
Banco de Chile
Colombia
Citi
Mexico
Citibanamex
Panama
Citi
Paraguay
Banco Itaú Paraguay
Peru
Citi
Uruguay
Banco Itaú Uruguay
Middle East
First Abu Dhabi Bank
Bahrain
First Abu Dhabi Bank
Jordan
Bank of Jordan
Kuwait
First Abu Dhabi Bank
Oman
Standard Chartered
Qatar
Standard Chartered
Saudi Arabia
First Abu Dhabi Bank
United Arab Emirates
First Abu Dhabi Bank
North America
CIBC Mellon
Canada
CIBC Mellon
United States
State Street
Western Europe
BNP Paribas
Austria
UniCredit Bank Austria
Belgium
BNP Paribas
Cyprus
Eurobank
Denmark
SEB
Finland
SEB
France
Societe Generale Securities Services
Germany
Commerzbank
Greece
Eurobank
Iceland
Islandsbanki
Ireland
JP Morgan
Italy
BNP Paribas
Luxembourg
BNP Paribas
Netherlands
BNP Paribas
Norway
SEB
Portugal
Novo Banco
Spain
BBVA
Sweden
SEB
Switzerland
Societe Generale Securities Services
United Kingdom
HSBC
###
For editorial information, please contact Andrea Fiano, editor, afiano@gfmag.com
About Global Finance
Global Finance, founded in 1987, has a circulation of 50,000 and readers in 193 countries and territories. 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 legacy of 37 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.
Logo Use Rights
To obtain rights to use Global Finance’s Award Logos, please contact Chris Giarraputo at: chris@gfmag.com.
The unauthorized use of Global Finance Logos is strictly prohibited.
