[ S U R V E Y | A G E N T B A N K S I N M A J O R M A R K E T S ]
Relationship Management has also seen the largest annual shift – increasing with an impressive 89 basis points . Account Management has also seen a significant uptick ( up 85 basis points ) pushing this category firmly into the Very Good camp . While three categories have seen a slight dip in their ratings , every single category has been rated as Good or above .
MUFG |
Mizuho Bank |
6.74 |
7.00 |
6.00 |
6.74 |
5.74 |
6.91 |
5.68 |
6.91 |
6.80 |
7.00 |
6.00 |
6.73 |
5.41 |
6.91 |
5.83 |
6.66 |
5.00 |
6.91 |
5.65 |
6.78 |
7.00 |
7.00 |
5.00 |
7.00 |
6.00 |
6.84 |
5.91 |
6.88 |
Mizuho Bank Always a strong performer in this survey , Mizuho Bank logs another impressive performance , with an overall score of 6.88 . The Tokyo-headquartered provider scores firmly at Very Good and has even seen an uptick from last year – with four categories this year receiving perfect scores . In fact , every single category has seen an improvement in ratings since 2023 , and not one scores below 6.00 . It will come as little surprise then , that there is plenty of praise for Mizuho Bank , which is regarded as “ the No . 1 agent bank in the Japanese Market ” by clients , who also note that “ Mizuho is always our first call bank ”. Excitingly - and always surprisingly given the global sentiment to this category - Pricing has seen the largest annual upward trend with an overall score of 6.91 ( up 0.46 decimal places ). Data Services ( 6.73 ) and Technology ( 6.84 ) has also seen significant movement since 2023 . When assessing the market , the sub-custodian notes some concerns about the T + 1 migration in the US highlighting several areas where issues may occur . Even if signs are somewhat positive a few months into adapting to the new cycle , there is still a long way to go before Asian investors can fully claim to be operationally adjusted to the new US schedule . Mizuho also notes the need for this adoption domestically and that there have been discussions among the Financial Services Agency “ so that Japan ' s securities settlement system would not be left behind the rest of the world ”.
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