Sydney, AUSTRALIA – The Australian Custodial Services Association (ACSA) today announced that assets under custody surged by 10.9 per cent to a new record of $4.4 trillion in the six months to 30 June 2021.
Total Assets Under Custody for Australian Investors (AUD Billion)
Rank
Provider
31-Dec-20
30-Jun-21
% change
1
J.P. Morgan
$973.2
$1,068.3
9.8%
2
Northern Trust
$660.9
$722.0
9.2%
3
Citigroup
$589.7
$673.2
14.2%
4
NAB Asset Servicing
$538.5
$576.8
7.1%
5
State Street
$460.7
$544.5
18.2%
6
BNP Paribas
$475.0
$509.1
7.2%
7
HSBC Bank
$196.1
$216.4
10.3%
8
Clearstream
$70.9
$84.8
19.6%
9
Netwealth
$38.8
$47.1
21.4%
10
BNY Mellon
$25.9
$27.2
4.9%
Total
$4,029.8
$4,469.5
10.90%
Source: Australian Custodial Services Association – Industry Statistics June 2021, Table 1
ACSA Chief Executive, Robert J Brown said the record result occurred on the back of valuation impacts and ongoing confidence in the key services provided by the securities services industry.
“Our members reported a bounce of 19 percent for assets held offshore for Australian investors, compared to an increase of only 7 percent for assets held onshore. While part of this differential is the result of currency valuation changes, it also reflects the long-term trend of institutional investors seeking returns beyond Australia,” Mr Brown said.
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