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.
More on Awards
A selection of free-to-view photos from this year's event
Singapore the venue for this year's awards
Broker Dealer Service Provider of the Year: RBC Investor & Treasury Services
Ceremony takes place on May 21 in Venetian style at Park Lane hotel
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.