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[ I N D E P T H | G L O B A L C U S T O D I A N S ]

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* Assets under custody ( excl administration ) ** AUC / A reported on an annual basis rather than quarterly *** Assets under Custody , Administration , and Trust Disclaimer : Global Custodian reached out to as many of the largest global custodians that it could to request AUC / A information and has made every effort to ensure this data is up-to-date through communication and quarterly reports . Some figures were converted to USD from local currencies , though every effort has been made to ensure consistency . trackers of custodian revenues and its data showed that overall income ( from custody , fund administration and other securities services ) declined two years in a row from FY2018-FY2020 , while a 2 % uptick in 2021 still left the industry ’ s total short of where it was at in 2018 – the best year on record . The data tracks the performance of the 12 largest banks , and performance is benchmarked against CRISIL Coalition ’ s Standard Product Taxonomy . The firm added in this year ’ s commentary , after highlighting growth in the early 2010s : “ Since 2018 , total annual revenue has effectively flat lined . Market volatility is persistent , interest rates are rising , inflation is causing asset reallocations , volumes in many asset classes are high , and equity markets are routinely moving several percentages points up and down in a single day . Though these attributes could bode well for securities servicers ’ financial wellbeing as they earn revenue

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