The growth of the custodian bank market is impacted by various factors. Need for specialised services by several hedge funds, insurance companies and asset management companies’ impacts this market’s growth positively. A custodian bank is basically a specialized financial organization which is responsible for giving securities services. Its major duty is to safeguard assets of hedge funds, asset management firms and insurance companies. Unlike other banks, custodian banks refrain from providing normal banking services like accepting deposits, and giving loans.
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Similar to most of industries, the banking sector too suffered from the dreadful coronavirus pandemic. Rising repo rate along with lack of cash flow in the market dented custodian bank market’s growth. One of the biggest reasons why the custodian bank market is growing rampantly is because of a surge in number of new billionaires and jump in wealth of high net-worth individuals. Their net-worth is mainly determined on the stocks and bonds held by them and these custodian banks provide security to those commodities. This is why they are more inclined towards services provided by custodian banks.
Every growing market encounters a restraining factor in the form of rising competition among existing players or entry of a new player. The custodian bank market is forecasted to witness the same and this may dent its growth. Though the growth of the investment sector might work wonders for the custodian bank market in the longer run.
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In terms of CAGR, the global custodian bank market is projected to grow at 8.3% over the forecast period (2022 – 2030).By Services, Trade Settlement Segment will witness fastest growth for The Custodian Bank Market in 2022
One of the basic duties of the custodian bank is to manage or arrange trade settlements. This settlement may be of any sales or purchase, and currency or security. Many clients constantly trade settlements and this is where custodian banks prove helpful for them.
Asia Pacific Region is Expected to Witness Fastest Growth Over the Forecast Period (2022 – 2030) in the Custodian Bank Market
Despite economic slowdown across the globe, the Indian and the Chinese economy manage to survive. In fact, the country of India has witnessed rise in the number of new billionaires, of which few have already made to the Forbes list of richest individuals. The presence of high net-worth individuals contribute to the growth of the market in this region.
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A few of the key players operating in the global custodian bank market are listed below:
- Brown Brothers Harriman
- Associated Banc-Corp.
- Bank of America Corporation
- Barclays Bank Plc
- BNP Paribas
- Citigroup Inc
- Deutsche Bank AG
- HDFC Bank Ltd.
- HSBC Bank
- JPMorgan Chase & Co.
- Northern Trust Corporation
- Royal Bank of Canada
- Societe Generale Securities Services
- State Street Corporation
- THE BANK OF NEW YORK MELLON CORPORATION
- Other Market Participants
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Global Custodian Bank Market Segmentation
The global custodian bank market has been segmented by type, services, banking type, end user, services providers which are further classified into respective countries:
Global Custodian Bank Market Type Outlook (Revenue, USD Million, 2015 - 2030)
- Money Market Instruments
- Alternative Assets
Global Custodian Bank Market Services Outlook (Revenue, USD Million, 2015 - 2030)
- Trade Settlement
- Monitoring and Collection
- Custody, Clearing and Settlement Services
- Exchange Traded Derivatives Clearing Services
- Multi-currency Forex Services
- Depository Services
- Safe Keeping
- Asset Servicing
- Reporting and MIS
- Fund Accounting
Global Custodian Bank Market Banking Type Outlook (Revenue, USD Million, 2015 - 2030)
Global Custodian Bank Market End User Outlook (Revenue, USD Million, 2015 - 2030)
- Mutual Funds
- Insurance companies
- Venture Capital Firms
- Foreign Portfolio Investors (FPI)
- Foreign Corporate Bodies and Provident Fund Trusts
Global Custodian Bank Market Services Providers Outlook (Revenue, USD Million, 2015 - 2030)
- Specialized Custodian Banks
- Full-service Banks
- Other (broker-dealers, trust companies)
Global Custodian Bank Market Regional Outlook (Revenue, USD Million, 2015 - 2030)
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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