State Street Corp
-
The banks in our annual ranking of the World’s Largest Global Custodians cite new requirements of asset managers as a top business driver.
-
Custodian banks have been cutting costs with help from the likes of Trian Partners, the activist hedge fund firm founded by Nelson Peltz.
-
-
Under pressure to reduce fees for hedge fund clients, custodial banks and other administrators are providing extra services at lower cost.