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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.

30 June 2025

The below statistics represent values in AUD $ billion for periods ending 31 December 2024 and 30 June 2025.

Table 1: Total Assets Under Custody for Australian Investors


Rank
Provider
Dec-24
Jun-25
% change
1
J.P. Morgan
$1,289.60
$1,283
-0.5%
2
State Street
$1,007.90
$1,021.38
1.3%
3
Northern Trust
$855.80
$931.00
8.8%
4
Citigroup
$877.03
$881.42
0.5%
5
BNP Paribas
$539.90
$566.90
5.0%
6
Perpetual
$247.80
$268.60
8.4%
7
NAB Asset Servicing
$253.90
$241.30
-5.0%
8
Clearstream
$119
$123.20
3.5%
9
Netwealth
$100.90
$111.90
10.9%
10
HSBC Bank
$91.63
$107.34
17.2%
11
Apex Group
$35.59
$40.61
14.1%
12
BNY Mellon
$22.00
$23.00
4.5%
 
Total
$5,441.0
$5,599.7
2.9%

Table 2: Australian Assets Under Custody for Australian Investors


Rank
Provider
Dec-24
Jun-25
% change
1
J.P. Morgan
$721.60
$734.00
1.7%
2
Citigroup
$587.49
$593.01
0.9%
3
State Street
$564.22
$585.62
3.8%
4
Northern Trust
$461.10
$454.10
-1.5%
5
BNP Paribas
$422.40
$437.80
3.6%
6
Perpetual
$244.20
$268.10
9.8%
7
NAB Asset Servicing
$199.90
$201.10
0.6%
8
Clearstream
$115.00
$118.10
2.7%
9
Netwealth
$97.30
$107.20
10.2%
10
HSBC Bank
$64.76
$75.09
16.0%
11
Apex Group
$24.35
$29.28
20.3%
12
BNY Mellon
$5.00
$6.00
20.00%
 
Total
$3,507.31
$3,609.30
2.9%

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


Rank
Provider
Dec-24
Jun-25
% change
1
J.P. Morgan
$568.00
$549.00
-3.3%
2
Northern Trust
$439.70
$477.00
8.5%
3
State Street
$443.68
$435.76
-1.8%
4
Citigroup
$289.54
$288.41
-0.4%
5
BNP Paribas
$117.50
$129.10
9.9%
6
NAB Asset Servicing
$54.00
$40.30
-25.4%
7
HSBC Bank
$26.87
$32.25
20.0%
8
BNY Mellon
$17.00
$17.00
0.0%
9
Apex Group
$11.25
$11.33
0.7%
10
Clearstream
$4.00
$5.10
27.5%
11
Netwealth
$3.60
$4.70
30.6%
12
Perpetual
$3.60
$0.50
-86.1%
 
Total
$1,978.74
$1,990.46
0.6%

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 2024 and 30 June 2025.

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


Rank
Provider
Dec-24
Jun-25
% change
1
HSBC Bank
$1,614.0
$1,747.5
8.3%
2
Citigroup
$329.5
$338.5
2.7%
3
J.P. Morgan
$197.1
$206.0
4.5%
4
BNP Paribas
$163.1
$183.9
12.8%
5
Apex
$0.0
$20.0
-
6
NAB Asset Servicing
$0.0
$0.0
-
 
Total
$2,303.7
$2,495.9
8.3%

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 2024 and 30 June 2025.

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


Rank
Provider
Dec-24
Jun-25
% change
1
Apex Group
$273.3
$298.4
9.2%
2
Northern Trust
$249.2
$246.0
-1.3%
3
J.P. Morgan
$235.9
$234
-0.8%
4
Citigroup
$82.3
$86.0
4.4%
5
State Street
$69.6
$68.1
-2.0%
6
BNP Paribas
$32.9
$32.8
-0.3%
7
HSBC Bank
$18.0
$25.8
43.5%
8
NAB Asset Servicing
$1.1
$0.9
-18.2%
9
Netwealth
$0.7
$0.9
28.6%
10
BNY Mellon
$0.0
$0.0
-
 
Total
$963.0
$993.0
3.1%

Table 6: Assets Under Administration & Custody


Rank
Provider
Dec-24
Jun-25
% change
1
J.P. Morgan
$1,525.5
$1,517
-0.6%
2
Northern Trust
$1,105.0
$1,177.0
6.5%
3
State Street
$1,077.5
$1,089.5
1.1%
4
Citigroup
$959.4
$967.4
0.8%
5
BNP Paribas
$572.8
$599.7
4.7%
6
Apex Group
$308.9
$339.0
9.8%
7
Perpetual
0
$275.1
0
8
NAB Asset Servicing
$255.0
$242.2
-5.0%
9
HSBC Bank
$109.6
$133.2
21.5%
10
Clearstream
$119.0
$123.2
3.5%
11
Netwealth
$101.6
$112.8
11.0%
12
BNY Mellon
$22.0
$23.0
4.5%
 
Total
$6,156.2
$6,599.1
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 2024 and 30 June 2025.

Table 7: Total Australian Settlement Transaction Volumes


Rank
Provider
Dec-24
Jun-25
% change
1
HSBC Bank
4,575,583
4,929,210
7.7%
2
Citigroup
4,116,047
4,113,670
-0.1%
3
BNP Paribas
1,962,416
2,147,880
9.5%
4
J.P. Morgan
1,093,799
1,093,231
-0.1%
5
State Street
310,626
438,036
41.0%
6
Netwealth
282,725
219,500
-22.4%
7
Northern Trust
124,196
134,918
8.6%
8
NAB Asset Servicing
54,352
27,323
-49.7%
9
Clearstream
1,948
1,806
-7.3%
 
Total
12,521,692
13,105,574
4.7%

Table 8: Total Australian Unlisted Unit Trust Registry Transaction Volumes


Rank
Provider
Dec-24
Jun-25
% change
1
Citigroup
219,102
210,258
-4.0%
2
Clearstream
212,726
243,836
14.6%
3
Netwealth
210,000
220,000
4.8%
4
Northern Trust
134,689
131,672
-2.2%
5
J.P. Morgan
61,368
60,444
-1.5%
6
HSBC Bank
48,547
44,396
-8.6%
7
NAB Asset Servicing
36,902
44,208
19.8%
8
BNP Paribas
18,786
19,666
4.7%
 
Total
942,120
974,480
3.4%

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