ICBC Named Domestic Top Rated Provider by Global Custodian
OREANDA-NEWS. April 24, 2013. Global Custodian (UK), the leading magazine covering the international custody services business, recently announced the results of its Global Custodian Agent Banks in Emerging Markets Survey 2012, ICBC has for the ninth year running been named the Domestic Top Rated Provider (China).
In 2012, despite the prevailing uncertainties in the market, ICBC has made steady progress in the launch of custody services through its excellent services. With over RMB 4 trillion worth of assets under custody as of today, ICBC is a leading custodian for 15 years in a row.
Each year, Global Custodian invites fund houses, insurance companies and investment banking firms across the world to participate in its annual survey. Domestic Top Rated Awards go to providers that achieved an overall weighted average score in a service area that equals or betters the weighted average of all scores given to all participants in that service areas (Client Service, Reporting, Corporate Actions, Settlement, Income Collection, Technology). All qualified questionnaires are used in the survey to choose the winners.
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