Sydney, AUSTRALIA – The Australian Custodial Services Association (ACSA) today released new asset servicing industry statistics for the six-months ending 31 December 2019. The figures show that the value of assets under custody for both Australian and foreign investors increased in the six months since June.
Rank
Provider
30-Jun-19
31-Dec-19
% change
1
J.P. Morgan
809.4
866.7
7.1%
2
NAB Asset Servicing
564.0
578.0
2.5%
3
Northern Trust
448.6
576.0
28.4%
4
Citigroup
506.7
575.4
13.6%
5
State Street
489.5
511.4
4.5%
6
BNP Paribas
501.0
511.0
2.0%
7
HSBC Bank
193.0
200.3
3.8%
8
RBC Investor & Treasury Services
122.5
129.3
5.6%
9
Ausmaq
58.8
64.5
9.8%
10
Netwealth
23.3
28.5
22.3%
11
BNY Mellon
28.0
24.6
-12.3%
Total
3,744.8
4,065.7
8.6%
* Revision to June 2019 value
ACSA Chief Executive, Robert J Brown said that total assets under custody for Australian investors jumped by 8 per cent over the last six months of 2019 to $4.06 trillion.
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