The Australian custodial and administration sector grew by 1.4% per cent in the first half of 2016, with total assets under custody (AUC) for Australian investors at $2.9 trillion, according to the latest industry statistics released by the Australian CustodialServices Association (ACSA).
ACSA publishes industry statistics twice a year to provide insights into financial market conditions, asset shifts and major mandate wins and losses.
JP Morgan emerged as the largest overall provider in the custody market followed by NAB, BNP Paribas, Citigroup and Northern Trust.
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