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Western Europe

Respondent Priorities
1st 2nd 3rd 4th 5th 6th
Client Service Relationship Management Account Management Asset Servicing Pricing Asset Safety and Risk Management

Western Europe is without doubt our largest region covered in the Agent Banks in Major Markets survey . Combining both continental European countries as well as the UK and Ireland , this region has numerous providers present here . With an overall rating of Good ( 5.44 ) this region has seen a slight increase since 2023 ( up 0.03 ) however excitingly over half of all category scores have seen an uptick in the last 12 months too . Most notable is Relationship Management ( 6.14 ) which improved by 24 basis points and has received the highest score this year . It is also the only category to sit in the Very Good range ( 6.00 – 6.99 ). Of course , when discussing Western Europe it would be impossible to ignore the one provider who ’ s presence is felt in nearly every market . BNP Paribas is a recurring presence throughout this section of the report , only not included in the Ireland and Luxembourg section . With an overall regional rating of 5.46 , BNP sits just above the regional average although this provider outperforms the regional average in the majority of categories . When it comes to client priorities ,

7th 8th 9th 10th 11th 12th 13th
Regulation and Compliance Technology Cash Management and FX Liquidity Management Data services Service Innovation Securities Lending
it is Client Service and Relationship Management which are considered most important . Given that Relationship Management has seen the largest increase and Client Service has the second highest score after Relationship Management it would seem that our providers in Western Europe are doing something right .
2024
2023
Global Average
Difference to Global
Account Management
5.69
5.58
5.83
-0.14
Asset Safety and risk management
5.65
5.57
5.73
-0.08
Asset Servicing
5.53
5.43
5.59
-0.07
Cash Management and FX
5.34
5.25
5.46
-0.12
Client Service
5.74
5.65
5.84
-0.10
Data services
5.39
5.42
5.44
-0.05
Service Innovation
5.30
5.26
5.43
-0.14
Liquidity Management
5.34
5.24
5.41
-0.07
Pricing
5.07
5.09
5.20
-0.13
Regulation and Compliance
5.42
5.47
5.57
-0.14
Relationship Management
6.14
5.91
6.15
-0.01
Securities Lending
4.99
5.20
5.17
-0.18
Technology
5.15
5.24
5.33
-0.18
Average
5.44
5.41
5.55
-0.11
52 Global Custodian Fall 2024