State Street falls behind in the custody assets race

BNY Mellon’s assets under custody and administration (Auca) grew 3% in Q2 2019, helping the bank to extend the lead over its main rival, State Street, which posted a more moderate increase of 0.3%. 

Total Auca at BNY Mellon stood at $35.5 trillion, up $1 trillion quarter-on-quarter and $1.9 trillion year-on-year. State Street added just $111 billion to its asset pool of $32.8 trillion in Q2 2019, and reported a reduction of $1.1 trillion compared with the year-ago quarter.

The gap between the

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 individual account here: