Nedbank wins global award as SA’s best Sub-Custodian Bank
14 May 2014Nedbank
Nedbank Investors Services (NIS), Nedbank’s custody business, has been selected as South Africa’s best sub-custodian bank by Global Finance magazine in a review of the world’s best Sub-Custodian Banks.
The awards, now in their 12th year, are chosen by Global Finance editors and reporters with additional input from expert sources. Selection criteria are based on a range of factors including client relations, quality of service, competitive pricing, smooth handling of exception items and technology platforms.
Louise Currie, General Manager at Nedbank Investor Services, says, "We are honoured to once again have received this accolade from Global Finance. With new regulations having increased the liability for institutional investors, this award is testament to our commitment to ensure the continued protection of our client’s assets.”
Nedbank Investor Services offers a comprehensive custody service that is extended to investment accounting and compliance monitoring, with assets under custody of R2.2 trillion. "We are pleased that our expertise in servicing the custody needs of institutional investors has been recognised by Global Finance and we look forward to continually provide an efficient and innovative service through customised solutions for our clients,” concludes Currie.
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