Custodial & Trust Services Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 5/29/2017
SIC Codes: 6091
NAICS Codes: 523991
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
View Full Sample Add To Cart

Excerpt from Custodial & Trust Services Industry Profile

Companies in this industry hold or manage assets for the benefit of an individual or business. Major companies include the custodial or trust operations of Bank of New York Mellon, Citigroup, JP Morgan Chase, and State Street Bank and Trust, (all based in the US), as well as BNP Paribas and Society Generale (both based in France), and HSBC (the UK).

Worldwide, companies in the industry have about $170 trillion of assets under custody. Key global custody banking giants based in the US (Bank of New York Mellon, State Street, JPMorgan, and Citigroup) together oversee about 55% of those assets, according to estimates from analytics firm Trefis.

The US custodial and trust services industry includes about 2,400 establishments (single-location companies and units of multi-location companies) with a combined annual revenue of about $20 billion. The industry includes establishments such as bank trust offices, nondepository trust companies, and administrators of private estates. Providers of custodial and trust services are included in the asset management industry, which is covered in a separate profile.

COMPETITIVE LANDSCAPE

Demand is driven by demographic and market trends such as the growing population of retirees and the accumulation of wealth and investable assets. The profitability of individual companies depends on the volume and performance of the assets they hold. Large companies have advantages in providing expertise in a wide range of custodian or trustee services. Small companies can compete ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu

Related Profiles

Here are a few profiles related to Custodial & Trust Services that you also might be interested in viewing:

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options