The game has changed for global custodians. Twelve months ago market participants were contending over mandates that produced a Top 50 combined asset value of around $1180 billion. Fast-forward a year and this has declined considerably. The total asset value of mandates won by custodians in 2010 has equalled $880 billion, which is a 25% decrease since last year. Please see here for a round-up fo the top 50 mandates of 2010.
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