Global Finance magazine has announced the selection of Standard Chartered Bank as the Best Sub-custodian Bank for 2018.
This honor is part of Global Finance’s 16th annual World’s Best Sub-custodians report, in which winners were chosen in seven global regions and more than 80 countries. Honorees were announced in May and a full report on the selections will appear in the July/August issue of Global Finance and online at GFMag.com.
Global Finance’s editorial board considered market research, input from expert sources and entry information 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, 2017 through December 31, 2017.
“As custodians deal with increased liability from new regulatory requirements, they are seeking the safest and best sub-custodians with whom to entrust client assets,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance. “With these awards, we recognize those sub-custodians that do the best job of meeting their clients’ needs in increasingly complex markets.”