In 2010, the Nordic markets moved from bilateral settlement to central counterparty clearing. This required a huge development of new functionality by sub-custodians. With the environment already in flux, moving sub-custodians was not a priority for broker dealers. But, those that did move tended to shift from local to regional providers, which played to SEB’s strengths.
The group emerged number one in the clearing environment in terms of total market share, number of clients, number of venues and gross transactions cleared.
It won 82 mandates during the year across all four Nordic markets.
Custody was added to the SEB’s Benche community in June, giving custody professionals a forum to discuss execution and post-trade management, asset servicing, tax and technology reports, and updates on market infrastructure and risk management. The platform provided insight to new local, regional and international rules and regulations. It also offered daily custody-related news, webinars, country reports, analysis and experts’ blogs.
SEB was a firm favourite for the judges, who proclaimed, “it’s got to be SEB for this category”.
Click here to view the article in PDF format.
Sign up for Risk.net email alerts
UK, 25th - 26th Feb 2014
USA, 27th - 28th Feb 2014
UK, 5th - 6th Mar 2014
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.
Updating your subscription status
Risk iPad and iPhone Apps