PRESS RELEASE: Global Finance Names The World’s Best Sub-custodian Banks 2024

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.

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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.

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