Custody banks add $1.2trn assets, BNY Mellon overtakes State Street

The three largest US custody banks added $1.2 trillion of assets under custody and administration (Auca) in the third quarter, bringing the aggregate total to $93 trillion.

BNY Mellon added the most quarter-on-quarter, reporting an increase of $900 billion or 2.7%. The New York-based bank has also contributed the most year-on-year, with a rise of $2.3 trillion (7.1%) to $34.5 trillion.

Over the last 12 months, State Street added $1.9 trillion (5.9%) of Auca, raising its total to $34 trillion.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: