Awards for Excellence 2011: Best Global investor services house
The bank shows that in times of regulatory uncertainty, high levels of client service trump outright scale.
Best Global investor services house: Northern Trust
Also nominated: BNY Mellon and Citi
Custody banks are in the vanguard of the global battle for transparency as a way of combating investment risks. The regulatory challenges that are coursing through the industry are placing unprecedented pressures on investor services clients: hedge funds, private equity firms, boutique asset managers, pension funds and other asset owners.
These clients groups are facing new rules such as AIFMD, Ucits IV, Dodd-Frank, central clearing, tax changes and a host of other issues. For banks operating in this area, having a clear focus on delivering services to clients to help them make the transition to the new environment is a crucial determinant of success. Although other banks might have more assets under custody or even more absolute client numbers, Northern Trust again wins our award.