State Street beats JP Morgan as second-biggest custodian
BNP Paribas sees highest growth as Custody Risk's 2014 Global Custody Survey reveals quickening growth of global assets under custody
Global assets under custody among the top eight providers over the past year totalled more than $114 trillion at the end of Q2 2013, with custodian respondents to Custody Risk’s Global Custody Survey reporting an average rise of 14%. Last year these same eight custodians collectively kept $101 trillion safe.
State Street overtook JP Morgan to become the second-largest global custodian, with its assets under custody rising by 15% to $21.69 trillion at the end of Q2 2014 compared with the same
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