Custodians expand their reach as the market evolves

Traditional custodians are maintaining their dominance in the face of growing fintech activity in the sector.

It has long been suggested that the role of the custodian would go through less change during the next decade than that of broker-dealers, exchanges, clearing banks, central counterparty clearing houses or central securities depositories (CSDs).

A recent market survey conducted on behalf of BNP Paribas found that more than half (54%) of the custodians surveyed expected to expand to serve markets in new regions or increase their geographical footprint by serving more markets in the same region.

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