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The Custodian Bank market is an important part of the Wealth Management industry. It is responsible for providing safekeeping and administration of financial assets for clients, such as stocks, bonds, and other securities. Custodian Banks also provide services such as cash management, foreign exchange, and securities lending. They are also responsible for ensuring that clients’ assets are compliant with applicable laws and regulations.
Custodian Banks are typically large financial institutions, such as banks, trust companies, and insurance companies. Some of the major players in the Custodian Bank market include Bank of New York Mellon, JPMorgan Chase, State Street Corporation, Northern Trust, UBS, and Citigroup. Show Less Read more
