State Street beats JP Morgan as second-biggest custodian

Growth in assets under custody gains momentum in past year

old-safe-vaulted-door-combination-lock

Global assets under custody among the top eight providers over the past year totalled more than $114 trillion at the end of Q2 2013, with custodian respondents to Custody Risk’s Global Custody Survey reporting an average rise of 14%. Last year these same eight custodians collectively kept $101 trillion safe.State Street overtook JP Morgan to become the second-largest global custodian, with its assets under custody rising by 15% to $21.69 trillion at the end of Q2 2014 compared with the