OREANDA-NEWS. July 10, 2014. Recently, the UK Global Custodian released the results of 2013 Domestic Top Rated Providers in emerging markets. ICBC was awarded Domestic Top Rated Provider (China). This is the tenth consecutive year for ICBC to win this title, demonstrating extensive recognition of its custody service and risk control capability in the industry.

As a well-respected media organization in the international custody industry, Global Custodian sends questionnaires to fund companies, insurance companies, investment banks and other custody customers across the globe each year, so that they can score custodian banks in emerging markets in terms of customer services, financial statements, corporate actions, clearing, income sweep and IT. Based on analysis of such questionnaires, it selects Domestic Top Rated Providers for the year.

An executive with ICBC said that as the era of “large asset custody” approaches, ICBC will, by focusing three goals namely “product R&D, function-oriented operation and customer priority”, strengthen product innovation, streamline business process, accelerate the building of regional custody centers around the world, and form a product system serving global customers and investment to deliver more value-added services to custodians.

Statistics show that as at the beginning of June, ICBC had an asset of more than RMB5.2 trillion under custody, leading the market for the 16th consecutive year. Since 2004, ICBC has received 44 awards worldwide for its custody services, which has consistently improved its international influence and brand awareness.