This year’s compilation of results reflects changes in the structure of Euromoney’s surveys over the past 18 months. Gone are the bond trading and brokers’ surveys, in comes a new section, transaction processing, covering cash management and custodial services. Brown Brothers Harriman, Mellon Financial Corporation and Northern Trust climb in the overall rankings as a result of their prowess in these markets and HSBC also benefits. State Street rises to 15th position overall because of its custodial capability plus an 8th place in May’s foreign exchange survey.
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