Industry Analysis & Industry Trends
The credit crisis and recession have made for a rough five years for the industry. However, improved asset valuations will stimulate a recovery. Growth opportunities will present themselves in the form of new middle-office services, which typically yield higher profit. Operators will also expand their services into global markets... purchase to read more
Industry Report - Industry Locations Chapter
The location of an establishment in this industry largely depends on the customer base that the business is servicing. Clients can range from wealthy individuals to multinational financial services firms. The largest market for custody and securities servicing is financial institutions, corporations and fund managers. For this reason, around 4.8% of establishments are located in New York, the financial capital of the United States. The largest global custodian, Bank of New York Mellon, has its headquarters in New York. Many of the operators in this industry are bank holding companies or subsidiaries of banks. This provides a historical base for the relatively high proportion of establishments based in New England and the Mid-Atlantic, where many of the early banks were established... purchase to read more