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ACSA STATISTICS – VALUATIONS DOWN, TRANSACTION VOLUMES UP

Thursday, 27 August 2020   (0 Comments)
Posted by: Kate Dent
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Sydney, AUSTRALIA – The Australian Custodial Services Association (ACSA) today released new asset servicing industry statistics for the six-months ending 30 June 2020. The new figures show the value of assets under custody for both Australian and foreign investors declined while transaction volumes increased to record highs.

 

Total Assets Under Custody for Australian Investors(AUD $ billion)

Rank

Provider

31-Dec-19

30-Jun-20

% change

 

1

J.P. Morgan

866.7

820.2

-5.4%

 

2

Northern Trust

576.0

561.5

-2.5%

 

3

Citigroup

575.4

544.8

-5.3%

 

4

NAB Asset Servicing

578.0

530.4

-8.2%

 

5

BNP Paribas

511.0

463.3

-9.3%

 

6

State Street

511.4

405.2

-20.8%

 

7

HSBC Bank

200.3

179.8

-10.2%

 

8

RBC Investor & Treasury Services

129.3

128.3

-0.8%

 

9

Clearstream

64.5

61.7

-4.4%

 

10

Netwealth

28.5

31.5

10.5%

 

11

BNY Mellon

24.6

27.1

10.2%

 

 

Total

4,065.7

3,753.8

-7.7%

 

 

Source: Australian Custodial Services Association – Industry Statistics June 2020, Table 1

 

 

ACSA Chief Executive, Robert J Brown said the fall in total assets under custody was largely a result of market valuation impacts.  The spike in transactions reflected the level of activity by underlying institutions adjusting their portfolios in response to the COVID-19 pandemic.

 

“According to a recent ACSA member survey, 82 per cent of asset servicing professionals are working from home. At the same time we have witnessed record volumes of transactions in the market. Despite the obvious challenges, there has been minimal disruption to service provision,” Mr Brown said.

 

Read the media release in full here.

 


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