Finance

Amid regional upheavals, Gulf states are asserting their influence and betting on a vast economic transformation. The Gulf ’s six oil-rich monarchies are typically spared the Middle East’s most violent conflicts. But Iran’s retaliatory strike on a US military base in Qatar in June reawakened existential fears that the polished …

High-end wellness resorts, clinics, and spas are part of ambitious national development programs in Saudi Arabia and its neighbors. According to the medical journal The Lancet, the Gulf Cooperation Council countries, along with the rest of the Middle East and North Africa, will lead the world in youth obesity by …

The move to T+1 trade settlement tests sub-custodians. As the pace of global investment continues to accelerate, sub-custodians serve as invaluable resources in their respective countries, helping institutional investors navigate the operational and regulatory complexities that exist in these markets. This is Global Finance’s 23rd year recognizing the World’s Best Sub-Custodian …

WeWork India is preparing to raise up to 35 billion Indian rupees ($407 million) through an initial public offering expected in August, signaling a resurgence for the once high-flying coworking brand. The offering will comprise up to 43.75 million shares, primarily from key stakeholders Embassy Buildcon and 1 Ariel Way …

Carmakers are seeking alternative sources of rare earth minerals for magnets, since China’s decision in April to curb the export of their monopolistic supply. The tit for tat between the Chinese and the US caused by the tariff war has choked the auto industry. Beijing controls approximately 90% of the …

CIBC Mellon, our winner in North America and Canada, continues to refine its comprehensive asset-servicing business model, emphasizing innovation, process efficiency, and exceptional client service. Jointly owned by Bank of New York Mellon and Canadian Imperial Bank of Commerce, CIBC Mellon leverages CIBC’s local knowledge in the Canadian market with …

BNP Paribas continues to build on its exceptional securities-services franchise through internal initiatives and partnerships that leverage technology for growth across its platform. With this progress, the bank is recognized as our regional winner for Western Europe. In the region, BNP Paribas is also our country winner in Belgium, France, …

On the African continent, regional winner Standard Bank continues to enhance its business model to better support its extensive franchise with robust systems and capabilities. The bank’s Investor Services division operates the largest sub-custody network in sub-Saharan Africa, spanning 16 countries. Rato de Mendonça, Group Head Financial Institutions & Investor …

Our winner for the Middle East, Standard Chartered, continues to drive its regional expansion with ongoing technology investment and product innovation. The bank strives for an enhanced client experience using a simplified approach aligned with its global standard for client service. It accomplishes this through its robust custody platform, SeCCuRe, …

Regional winner Standard Chartered operates an outstanding franchise in Asia-Pacific. The bank’s comprehensive service offerings span 13 countries. High levels of service and an expanding range of asset classes for institutional investors have led to strong growth in assets under custody from existing clients and new mandates in these markets. …