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Adapting custody services for modern asset managers and asset owners

Author

Listed:
  • Russell, Bruce

    (Alpha FMC, Australia)

  • Coombes, Harry

    (Alpha FMC, Australia)

  • Singh, Jaibeer

    (Alpha FMC, Australia)

Abstract

Custodian banks have long been the unsung supporters of the investment industry, ensuring the smooth operation of transactions, servicing large institutions and infrastructure to support significant amounts of money management. As modern asset managers and asset owners continue to grow, however, they will demand more from their custodian- partners. The demand for services will come from more sophisticated, technology-reliant functions, and as such, the role of custodians will undergo a profound transformation. What has helped custodians be successful so far — reliance on people and process to deliver services — will not continue to help them in the future. This paper explores considerations for custodians and the adaptations required in their service models to meet contemporary challenges. We conclude that a fundamental shift is required away from traditional mindsets to ensure custodians remain central to supporting the needs of asset managers and asset owners.

Suggested Citation

  • Russell, Bruce & Coombes, Harry & Singh, Jaibeer, 2024. "Adapting custody services for modern asset managers and asset owners," Journal of Securities Operations & Custody, Henry Stewart Publications, vol. 17(1), pages 6-13, December.
    • Handle: RePEc:aza:jsoc00:y:2024:v:17:i:1:p:6-13
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    More about this item

    Keywords

    custodian; investment data; operating model transformation; data-as-a-service;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

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