About Custody Services in Banking
Custody services require the holding as well as servicing of assets on behalf of others. Custodians manage securities and cash accounts for their clients to make these services more accessible. Securities accounts are used to record and safeguard client investments in securities, whereas cash accounts reflect clients' cash holdings, often in multiple currencies, that are deposited with a bank that provides custody services. Custodians safeguard and segregate their clients' investment assets, as well as the investment assets of their clients' own clients, and offer a wide range of related financial services. Custody services include equity, fixed income, alternative assets, and others. Geographically, North America emerges as the largest market for custody services.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Custody Services in Banking market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
JPMorgan Chase & Co. (United States), Citigroup Inc. (United States), HDFC Bank Ltd (India), Axis Bank (India), Yes bank (India), LGT Private Banking (Liechtenstein), VTB Bank (Russia), Mizuho Bank, Ltd. (Japan), BANK OF CHINA (HONG KONG) LIMITED. (China), Northern Trust Corporation (United States), Bankerstrust (United States), Amalgamatedbank (United States) and Apex Group Ltd. (Bermuda) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are ERI (Switzerland), ICICI Bank (India) and Orbisfinancial (India).
Segmentation Overview
AMA Research has segmented the market of Global Custody Services in Banking market by , Application (Mutual Funds And Investment Managers, Fiduciary And Agency Accounts, Insurance Companies, Corporations and Private Banking Clients) and Region.
On the basis of geography, the market of Custody Services in Banking has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Core Custody Services will boost the Custody Services in Banking market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Bank Custody, the sub-segment i.e. Cash will boost the Custody Services in Banking market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Core Custody Services Account for the Largest Market Share
Market Growth Drivers:
Growing Adoption of Automation and Standardization and Rising Popularity and Trust in Vast Variety of Banking Services
Challenges:
Increase In Competition Among The Players and Increasing Fraud Related Activities In Custody Services
Restraints:
High Cost Associated of Custody Services in Banking
Opportunities:
Asia Pacific Region Has Huge Prospect Due To Rising Wealth In The Region
Market Leaders and their expansionary development strategies
In August 2023, Northern Trust announced plans to acquire BNP Paribas Securities Services, a leading global custodian. It is the largest acquisition in Northern Trust's history and is expected to significantly increase the company's scale and global reach.
In November 2023, HSBC to launch custody services for tokenized securities This move reflects the growing demand for institutional-grade custody solutions for digital assets. HSBC's custody services will leverage the bank's expertise in traditional securities custody and its partnership with Metaco, a leading digital asset custody provider.
Key Target Audience
Custody Services in Banking, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.