Custody survey sees $1.4 trillion of assets change hands

Table boosted by Citi's $850 billion mandate win in Norway

Citi's $850 billion mandate win topped the table

Custody Risk’s 13th annual custody mandates review saw $1.41 trillion awarded in 2014, dwarfing the previous year’s survey by some margin, with pension funds featuring most prominently in the list of clients changing their choice of asset-keeper.

In 2013, a quiet year in comparison, only $419 billion made it into Custody Risk’s final table of mandate wins. Northern Trust topped that list with a $106 billion award from Arbejdsmarkedets Tillægspension, the largest pension plan in Denmark, for a