The international custody business of SIX surpassed CHF 1 trillion in international assets under custody for the first time as the business experiences a record year. Strong demand for SIX’s custody services was underpinned by the recent global market rally and in particular growth in US equity markets.
In total, SIX holds CHF 7.2 trillion in assets under custody, covering both domestic and international custody.
Custody of equity assets has been the biggest driver, with an increase of CHF 44 billion year to date (+6%). This rise is distributed among Foreign Registered Shares (+10%) and International ETFs (+5%). Other asset classes have also seen significant growth. Bonds under custody have increased by 12% and Warrants/Structured product by 31%.
The growth in assets under custody comes from more activity across SIX’s global footprint. There has been significant increases in holdings from clients in the US and Germany. In the UK, the increase came from activity in the ETF market. This growth also reflects some additional portfolios from new clients.
“This milestone in our international custody business is a testament to our growth strategy and an incentive to continue offering the best service to our clients in all asset classes in the 50 countries SIX operates in. Our goal is to be the trusted custody partner for private banks, wealth managers and other demanding clients,” said Rafael Moral Santiago, Head Securities Services and Member of the Executive Board of SIX.
SIX provides fully integrated international custody services covering all asset classes, including equities, bonds, funds, hedge funds and structured products. With a long-standing track record for delivering comprehensive, high-quality custody solutions, SIX combines best-in-class market access models, deep expertise, and robust integration capabilities with an expanding global footprint.
Further information: International Custody Services of SIX