{"product_id":"custody-asset-securities-services-in-the-us-industry-market-research-report","title":"Custody, Asset \u0026 Securities Services in the US - Industry Market Research Report","description":"\u003cp\u003eCustody, Asset \u0026amp; Securities Services in the US - Industry Market Research Report\u003c\/p\u003e\n\n\u003cp\u003eCustody, Asset \u0026amp; Securities Services in the US\u003c\/p\u003e\n\n\u003cp\u003eThe Custody, Asset and Securities Services industry has a moderate level of concentration as the top four operators, The Bank of New York Mellon Corporation (BNY Mellon), State Street Corporation, Bank of America Corporation and JPMorgan Chase, controlling the vast majority of assets under custody. Increasing global concentration in this industry is likely to continue over the five years to 2024, as US operators expand into Europe and the Asia Pacific region, where company size is likely to give them an advantage over local operators.\u003c\/p\u003e\n\n\u003cp\u003eMajor companies hold firm market grasp\u003c\/p\u003e\n\n\u003cp\u003e• The largest operators in this industry own the most recognizable and popular financial custody servicers, resulting a steady customer demand due to brand reputation and loyalty.\u003c\/p\u003e\n\n\u003cp\u003e• BNY Mellon, the industry's largest operator, controls some of the most well-known companies, including Pershing, The Boston Company and Dreyfus, among others.\u003c\/p\u003e\n\n\u003cp\u003e• The second-largest industry operator, State Street Corporation, similarly owns Goldman Sachs' Administration Services and Complementa Investment-Controlling AG.\u003c\/p\u003e\n\n\u003cp\u003eConsolidation boosts profit\u003c\/p\u003e\n\n\u003cp\u003e• Over the five years to 2019, large industry operators have completed a series of acquisitions and mergers of small and large competitors in order to improve their economies of scale and lower costs.\u003c\/p\u003e\n\n\u003cp\u003e• Most notably, State Street acquired Goldman Sachs Administration Services, which is a hedge fund administrator that manages assets for 150 investment manager clients.\u003c\/p\u003e\n\n\u003cp\u003e• Prior to the period, State Street also acquired Complementa Investment-Controlling AG, which is a Switzerland-based investment performance measurement and analytics firm, helping to boost market share.\u003c\/p\u003e\n\n\u003cp\u003eCompanies compete through service offerings and prices\u003c\/p\u003e\n\n\u003cp\u003e• Core custody services, such as those involving automated data and securities processing, are fairly uniform, with little difference in the service provided by different players. As a result, price competition is high for these services. For services that are more differentiated, the quality of service a company provides and client relationships are important parts of competition. For many companies, a large part of revenue growth comes from providing existing clients with new services, rather than finding new clients.\u003c\/p\u003e\n\n\u003cp\u003eThis industry comprises custodial bank and brokerage firms that primarily provide trust, fiduciary and custody services to corporations, investment funds and individuals. Industry operations consist of back-office processes for transacting securities including settlement, accounting and record keeping. Other services include middle-office support such as securities lending, compliance pricing and performance analytics.\u003c\/p\u003e\n\n\u003cp\u003eThis report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.\u003c\/p\u003e","brand":"Service Industries","offers":[{"title":"January, 2023 \/ 54 Pages \/ MCW16274079","offer_id":47709069705522,"sku":null,"price":1314.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/custody-asset-securities-services-in-the-us-industry-market-research-report","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}