The move to T+1 trade settlement tests sub-custodians.
As the pace of global investment continues to accelerate, sub-custodians serve as invaluable resources in their respective countries, helping institutional investors navigate the operational and regulatory complexities that exist in these markets. This is Global Finance’s 23rd year recognizing the World’s Best Sub-Custodian Banks across seven regions and 83 countries, territories, and districts. Our winners have distinguished themselves among their regional and country peers through a focus on innovation to provide the highest level of client service.
With extensive local knowledge, operational scale, and advanced technology, these banks provide a critical mechanism for institutional investors seeking to operate in global capital markets. This is particularly critical in emerging and frontier markets where the infrastructure is not as well established as in the more developed world. Local sub-custodians are essential in attracting capital by facilitating investment in these jurisdictions. Relentlessly focused on workflow improvements, operational efficiencies, risk mitigation, and regulatory compliance, our regional and country winners continue to refine their business models through ongoing innovation and investment in technology and data analytics, providing robust custody systems and effective post-trade execution.
Sub-custodians play a crucial role in helping clients navigate the local regulatory environment and in advocating on their behalf within the evolving market infrastructure. Notably, the reduction in the timeframe for trade settlement to the day after the trade (T+1) represents a significant development in many countries, requiring close collaboration with the sector. In many cases, other priorities include developing new services, improving automation to reduce manual processes, further customizing solutions, enhancing collateral and liquidity management, and streamlining documentation requirements for greater efficiency.
Meet The 2025 Winners
