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Industry Statistics
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Industry Statistics

Industry Statistics

ACSA takes an active role in providing up to date information, commentary and research about the developments and evolution of the custody and investment services industry.

ACSA's members manage trillions of dollars in assets under custody (AUC) on behalf of their clients. On a half yearly basis, ACSA compiles and publishes key statistics and transaction data submitted by members to provide insight into:

  • Australian Investor Assets Under Custody, includes Australian and Non-Australian Assets
  • Australian Assets Under Custody for Foreign Clients (Sub-Custody)
  • Assets Under Administration
  • Transaction Volumes

Previous press releases on statistics can be found here.

31 Dec 2025

The below statistics represent values in AUD $ billion for periods ending 31 December 2025 and June 2025

Table 1: Total Assets Under Custody for Australian Investors


Rank
Provider
Jun-25
Dec-25
% change
1
J.P. Morgan
$1,389.6
$1,495.4
7.6%
2
State Street
$1,021.38
$1,081.26
5.9%
3
Citigroup
$881.42
$1,055.43
19.7%
4
Northern Trust
$931
$995
6.9%
5
BNP Paribas
$566.90
$824.2
45.4%
6
Perpetual
$268.60
$298.5
11.1%
7
Clearstream
$123.20
$133.0
8.0%
8
Netwealth
$119.0
$124.4
11.2%
9
HSBC Bank
$107.34
$120.21
12.0%
10
Apex Group
$40.61
$41.33
1.8%
11
BNY Mellon
$23.00
$27.00
17.4%
12
NAB Asset Servicing
$241.30
-
-100.0%
 
Total
$5,706.3
$6,195.7
8.6%

Table 2: Australian Assets Under Custody for Australian Investors


Rank
Provider
Jun-25
Dec-25
% change
1
Citigroup
$593.010
$774.48
30.6%
2
J.P. Morgan
$722.8
$752.2
4.1%
3
BNP Paribas
$437.80
$646.50
47.7%
4
State Street
$585.62
$622.19
6.2%
5
Northern Trust
$454.00
$490.00
7.9%
6
Perpetual
$268.10
$298.50
11.3%
7
Clearstream
$118.10
$127.30
7.8%
8
Netwealth
107.20
$118.8
10.8%
9
HSBC Bank
$75.09
$$85.58
14.0%
10
Apex Group
$29.28
$17.75
-39.4%
11
BNY Mellon
$6.00
$8.00
33.3%
12
NAB Asset Servicing
$201.10
-
-100%
 
Total
$3,598.1
$3,941.3
9.5%

Table 3: Non-Australian Assets Under Custody for Australian Investors


Rank
Provider
Jun-25
Dec-25
% change
1
J.P. Morgan
$666.80
$743.20
11.5%
2
Northern Trust
$477.00
$505.00
5.9%
3
State Street
$435.76
$459.07
5.3%
4
Citigroup
$288.41
$280.95
-2.6%
5
BNP Paribas
$129.10
$177.70
37.6%
6
HSBC Bank
$32.25
$34.63
7.4%
7
Apex Group
$11.33
$23.59
108.2%
8
BNY Mellon
$17.00
$19.00
11.8%
9
Netwealth
$4.70
$5.70
21.3%
10
Clearstream
$5.10
$5.70
11.8%
11
Perpetual
$0.50
-
-100.0%
12
NAB Asset Servicing
$40.30
-
-100.0%
 
Total
$2,108.26
$2,254.54
6.9%

Entities that no longer report are removed from the rankings but remain counted in prior period industry totals.

The below statistics represent values in AUD $ billion for periods ending 31 December 2025 and 30 June 2025.

Table 4: Australian Assets Under Custody (Sub-Custody)


Rank
Provider
Jun-25
Dec-25
% change
1
HSBC Bank
$1,747.5
$1,737.6
-0.6%
2
Citigroup
$338.5
$484.1
43.0%
3
BNP Paribas
$183.9
$307.9
67.4%
4
J.P. Morgan
$206.0
$202.0
-1.9%
5
Apex Group
$20.0
$26.5
32.6%
 
Total
$2,495.9
$2,758.2
10.5%

Entities that no longer report are removed from the rankings but remain counted in prior period industry totals.

The below statistics represent values in AUD $ billion for periods ending 31 December 2025 and 30 June 2025.

Table 5: Assets Under Administration (not held in custody)


Rank
Provider
Jun-25
Dec-25
% change
1
Apex Group
$298.4
$305.8
2.5%
2
J.P. Morgan
$255.4
$251.1
-1.7%
3
Northern Trust
$246.0
$236.0
-4.1%
5
Citigroup
$86.0
$87.4
1.7%
6
State Street
$68.1
$74.8
9.7%
7
HSBC Bank
$25.8
$29.4
13.8%
8
BNP Paribas
$32.8
$29.0
-11.6%
9
Netwealth
$0.9
$1.1
22.2%
10
NAB Asset Servicing
$0.9
$0.0
-100.0%
11
BNY Mellon
$0.0
$0.0
-
 
Total
$1,014.4
$1,014.6
0.0%

Table 6: Assets Under Administration & Custody


Rank
Provider
Jun-25
Dec-25
% change
1
J.P. Morgan
$1,644.9
$1,746.5
6.2%
2
Northern Trust
$1,177.0
$1,231.0
4.6%
3
State Street
$1,089.5
$1,156.0
6.1%
4
Citigroup
$967.4
$1,142.8
18.1%
5
BNP Paribas
$599.7
$853.2
42.3%
6
Apex Group
$339.0
$347.1
2.4%
7
Perpetual
$275.1
$298.5
8.5%
8
HSBC Bank
$133.2
$149.6
12.3%
9
Clearstream
$123.2
$133.0
8.0%
10
Netwealth
$112.8
$125.5
11.3%
11
BNY Mellon
$23.0
$27.0
17.4%
12
NAB Asset Servicing
$242.2
$0.0
-100.0%
 
Total
$6,727.0
$7,210.3
7.2%

Entities that no longer report are removed from the rankings but remain counted in prior period industry totals.

The below statistics represent transaction volumes for the six months ending 31 December 2025 and 30 June 2025.

Table 7: Total Australian Settlement Transaction Volumes


Rank
Provider
Jun-25
Dec-25
% change
1
HSBC Bank
4,929,210
5,254,321
6.6%
2
Citigroup
4,113,670
4,831,019
17.4%
3
BNP Paribas
2,147,880
1,937,698
-9.8%
4
J.P. Morgan
1,093,231
1,186,916
8.6%
5
State Street
438,036
480,492
9.7%
6
Netwealth
219,500
281,901
28.4%
7
Northern Trust
134,918
166,073
23.1%
8
NAB Asset Servicing
27,323
-
-100.0%
9
Clearstream
1,806
-
-100.0%
 
Total
13,105,574
14,138,420
7.9%

Table 8: Total Australian Unlisted Unit Trust Registry Transaction Volumes


Rank
Provider
Jun-25
Dec-25
% change
1
Clearstream
243,836
243,605
-0.1%
2
Netwealth
220,000
242,544
10.2%
3
Citigroup
210,258
224,564
6.8%
4
Northern Trust
131,672
136,142
3.4%
5
J.P. Morgan
75,185
80,354
6.9%
6
HSBC Bank
44,396
47,335
6.6%
7
NAB Asset Servicing
44,208
0
-100.0%
8
BNP Paribas
19,666
19,595
-0.4%
 
Total
989,221
994,139
0.5%

Entities that no longer report are removed from the rankings but remain counted in prior period industry totals.