Sydney, AUSTRALIA – The Australian Custodial Services Association (ACSA) today released new asset servicing industry statistics for the six-months ending 31 December 2020. The figures show that the value of assets under custody for both Australian and foreign investors rebounded over the final six months of 2020 on the back of the global market performance.
Rank
Provider
30-Jun-20
31-Dec-20
% change
1
J.P. Morgan
820.2
973.2
18.70%
2
Northern Trust
561.5
660.9
17.70%
3
Citigroup
544.8
589.7
8.20%
4
NAB Asset Servicing
530.4
538.5
1.50%
5
BNP Paribas
463.3
475
2.50%
6
State Street
405.2
460.7
13.70%
7
HSBC Bank
179.8
196.1
9.10%
8
Clearstream
61.7
70.9
14.90%
9
Netwealth
31.5
38.8
23.20%
10
BNY Mellon
27.1
25.9
-4.30%
Total
3,753.80
4,029.80
7.40%
Source: Australian Custodial Services Association – Industry Statistics December 2020, Table 1
ACSA Chief Executive, Robert J Brown said that total assets under custody for Australian investors jumped by 7.4 percent over the last six months of 2020 to $4.0 AUD trillion.
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