Global custodian banks exist to provide institutional investors such as pension funds, insurance companies, fund managers and sovereign wealth funds with custody and fund administration services. Sub-custodian banks exist to provide local custody, clearing and settlement services to global custodian and global investment banks, though many also have substantial domestic or regional global custody and fund administration franchises of their own.
Thomas Murray Data Service's products and services are used by both types of custodian bank to evaluate and benchmark their own performance against their peers and to highlight and distribute their capabilities to actual and potential clients, monitor custodial networks and identify and manage post-trade risks, especially those posed by the market infrastructure of CSDs and payment systems.
- Identification of gaps in operational performance
- Independent assessment of a bank's capabilities
- Monitors and benchmarks third-party service providers
- Facilitates compliance with regulations where the on-going monitoring of third party service providers is required
- Facilitates compliance with regulations where on-going monitoring of post trade risks is required
- Ensures the selection or retention of "best fit" custody arrangements
ABN Amro, The Bank of New York Mellon, BNP Paribas Securities Services, Banque de Luxembourg, Barclays Capital, Caceis Investor Services, Citigroup, Credit Suisse, Danske Bank, Bank Hapoalim, HSBC, ING, Itau, JPMorgan, Nomura, Northern Trust, Pictet, Rabobank, RBC Investor Services, Santander, SEB, Societe Generale, Standard Chartered, Syz & Co, UBS Investment Bank.