Global Custodian reveals full shortlist for Leaders in Custody Asia awards 2025

Global Custodian is delighted to announce the return of its Leaders in Custody Asia Awards, to be held at Raffles in Singapore on 29 May 2025.  

The ceremony will honour securities services providers across the Asia Pacific region which have excelled in Global Custodian’s agent banks surveys, along with a range of Editors’ Choice, Individual and Innovation awards segments.   

Our Innovation awards recognise truly ground-breaking ideas from the securities services industry and represent the only segment the evening you can submit nominations for. You can nominate through this link here for any initiatives stemming from the Asia Pacific region, and the winners will be revealed on the night. 

The survey awards recognise outstanding achievements across the region for multimarket providers, along with agent banks in individual markets. Our research team has also highlighted outstanding performers as rated by network managers across major, emerging and frontier markets. 

New this year are our fund services categories covering fund administration and ETF administration, with those shortlisted excelling in Global Custodian’s annual surveys. There is also a Fund Services Deal of the Year award included in our Editors’ Choice segment. 

Leading the way this year is Standard Chartered with a standout 13 nominations, while Deutsche Bank and BNP Paribas come in with 10 each. Mizuho Bank is in line for nine honours, Citi is shortlisted seven times and HSBC six. 

State Street and DBS appears four times in our Editors’ Choice categories this year, while ICICI is up for three survey awards. 

There are also multiple nominations for MUFG, BNY, Northern Trust, JP Morgan, Euroclear, and Chainlink. 

In the coming weeks Global Custodian will be considering the entries for Innovation awards which will close on Monday 1 April. You can nominate through this link.   

Should you wish to attend the awards, please contact daljit.sokhi@globalcustodian.com. For survey related awards questions contact lottie.sweeney@globalcustodian.com and for Editors’ Choice, or any editorial-related queries, contact jon.watkins@globalcustodian.com.   
 
This year we are pleased to announce there will once again be a pre-awards panel discussion in partnership with Deutsche Bank. More information on the panel will be announced in the coming weeks. 

The full shortlist can be found below. Congratulations to all those nominated.   

Agent Banks of the Year

Frontier Markets:
Citi
Deutsche Bank 
Standard Chartered Bank 

Overall:
Deutsche Bank  
Mizuho Bank 
Standard Chartered Bank 
  

Best in Class: Global 

Asset Servicing:
BNP Paribas (India)
ICICI (India)
Mizuho Bank (Japan) 

 
Client Service:
BNP Paribas (India) 
ICICI (India) 
Mizuho Bank (Japan) 
  

As Voted for by Network Managers 

Emerging Markets:
BNP Paribas  
HSBC 
Standard Chartered Bank
 
Frontier Markets:
Citi
Deutsche Bank 
Standard Chartered Bank
 

Best Custodian In… 

 
Hong Kong:
DBS Bank
Deutsche Bank 
Standard Chartered Bank

Japan: 

 
Singapore:
DBS Bank
Deutsche Bank
Standard Chartered Bank

Fund Services
 
Fund Administrator of the Year: 

Editors’ Choice

Deal of the Year: 

BNP Paribas – Phillip-China Universal MSCI China A 50 Connect ETF 
Citi – Global X ETF 
HSBC – CSOP Saudi Arabia ETF (2830 HK Equity) master fund  
Northern Trust – Valverde Investment Partners 
 

Asset Servicing Partnership of the Year: