The Australian custodial and administration sector grew strongly in the first half of 2014 to just under $2.5 trillion, according to data released today by the Australian Custodial Services Association (ACSA).

The latest industry statistics from ACSA, the peak industry body for Australia’s custody and asset administration sector, reveal the total assets under custody for Australian investors grew 6.3 per cent to $2.459 trillion in the six months to 30 June 2014.