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

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

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.

AfricaRand Merchant Bank
BotswanaStandard Chartered
Cote d’IvoireSGSS Cote d’Ivoire
EgyptBanque du Caire
GhanaStandard Chartered
KenyaStanbic Bank Kenya
MauritiusStandard Chartered
MoroccoSGSS Morocco
MozambiqueStandard Bank Mozambique
NamibiaStandard Bank Namibia
NigeriaStanbic IBTC Bank
South AfricaRand Merchant Bank
TunisiaUIB/SGSS Tunisia
AustraliaBNP Paribas
ChinaChina Construction Bank
Hong KongStandard Chartered
IndonesiaStandard Chartered
MalaysiaStandard Chartered
MongoliaKhan Bank
New ZealandHSBC
PakistanStandard Chartered
PhilippinesStandard Chartered
South KoreaHana Bank
Sri LankaStandard Chartered
ThailandBangkok Bank
VietnamStandard Chartered
Central & Eastern EuropeUniCredit
Bosnia & HerzegovinaUniCredit Bank
BulgariaUniCredit Bulbank
CroatiaOTP Croatia
Czech RepublicKomercini Banka (SGSS)
GeorgiaBank of Georgia
HungaryUniCredit Bank Hungary
KazakhstanEurasian Bank
PolandBank Pekao
RomaniaBRD Group Societe Generale
SerbiaUniCredit Bank Serbia
SloveniaUniCredit Bank Slovenia
Latin AmericaCiti
ChileBanco de Chile
ColombiaItaú Unibanco
ParaguayBanco Itaú Paraguay
UruguayBanco Itaú Uruguay
Middle EastFirst Abu Dhabi Bank
BahrainFirst Abu Dhabi Bank
JordanBank of Jordan
KuwaitFirst Abu Dhabi Bank
OmanStandard Chartered
QatarStandard Chartered
Saudi ArabiaFirst Abu Dhabi Bank
United Arab EmiratesFirst Abu Dhabi Bank
North AmericaCIBC Mellon
CanadaCIBC Mellon
United StatesState Street
Western EuropeBNP Paribas
AustriaUniCredit Bank Austria
BelgiumBNP Paribas
FranceSociete Generale Securities Services
IrelandJP Morgan
ItalyBNP Paribas
LuxembourgBNP Paribas
NetherlandsBNP Paribas
PortugalNovo Banco
SwitzerlandSociete Generale Securities Services
United KingdomHSBC


For editorial information, please contact Andrea Fiano, editor,

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 — — 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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