As per the recent report on the custody and fund administration resources, the Bank of New York Mellon and State Street Corporation are the largest custodian Banks in the world with a total AUC of $40 plus and $35 trillion USD respectively.
The custodian banks work on behalf of clients and give security to the client’s financial instruments such as bonds, stocks, cash, and other valuable financial instruments.
Other services that custodian banks provide are safeguarding assets, trade settlements, investment advice, and performance report.
10 Largest Custodian Banks In The World By AUC
Here is the list of the top 10 largest custodian banks in the world that give the security of trillions of assets.
Bank Of New York Mellon
BNY Mellon is one of the most significant banks in the USA by total assets. The bank provides various services such as.
- Contract and clearance services
- Treasury and wealth management services
- Asset and investment management services
BNY Mellon kept $40 plus trillion USD assets under custody, thus securing the 1st on the list of largest custodian banks in the world by AUC. The bank is one of the most trusted banks in the United States.
State Street Corporation
Another USA-based bank holds the second position in the list of largest custodian banks across the globe by a total AUC of $35 trillion USD as per the most recent report and is one of the fastest-growing banks.
JPMorgan Chase & Co
A USA-based bank nominated for many awards such as one of the massive banks by market cap, employees, revenue, deposits, and branches, and also one of the most significant investment banks in the world.
As per the most recent report, JPMorgan is the third largest custodian bank in the world with a total AUC of $28 trillion USD.
Citigroup
The fourth largest custodian bank in the world which gives safeguard to more than $23 trillion USD assets as per a recent report.
The headquarter of the bank is in New York and currently, it is listed as one of the most powerful banks in the world by total assets.
Euroclear
A bank from Belgium that is in the fifth position in terms of largest custodian banks on the land, and gives safeguards to more than $20 trillion USD assets under custody.
BNP Paribas
A France-based bank which is listed as one of the most significant banks in the world by net interest income, and it is also listed as one of the most favorable private banks in the world.
The bank is in the sixth position by the AUC and holds more than $8 trillion USD assets under custody.
HSBC
The seventh largest custodian bank in the world by AUC which is located in the United Kingdom, and holds more than $7 trillion USD assets under custody.
The bank also offers services such as banking, investment planning, investment advice, and wealth management.
If you are insecure about your assets or need assistance in investing your money in the right place then HSBC is a considerable option to go with.
MUFG
The bank is located in Japan and is currently listed in the eighth position of Largest custodian banks with total assets under custody of $5.6 trillion USD as per the most recent records.
Societe Generale
Another famous bank from France is also listed as one of the most powerful banks by AUC. The bank holds more than $5 trillion of assets under custody.
Northern Trust Corporation
A USA-based bank that is in the tenth position in terms of largest custodian banks in the world which safeguards nearly $4.5 trillion USD assets under custody as per recent records.