BNY Mellon Is World’s Biggest Global Custodian for Eighth Straight Year
For the eighth year in a row, BNY Mellon takes the No. 1 spot in Institutional Investor’s annual ranking of the World’s Largest Global Custodians. The firm’s total assets under custody climbed to roughly $25.08 trillion for the 12 months through June, according to II estimates, from an estimated $24.31 trillion the previous year.
State Street Corp. kept its No. 2 position. During the same period its assets declined to $21.35 trillion from $22.06 trillion.
With $20.47 trillion, a slight drop from last year’s approximately $20.5 trillion, J.P. Morgan again ranks third.
For many global custodians, asset growth was flat year-over-year. Total assets for the 15 banks in the ranking stand at $131.15 trillion, a gain of well below 1 percent.
To view the complete list of firms ranked by total custodied assets under management, click on the Leaders tab in the navigation table to the right.
Subscribers can view these firms ranked by cross-border total, subcustodied assets, increase in dollar terms, number of countries served and many other metrics.
For information on how these rankings were compiled, click on Methodology.