Global Finance World's Best Subcustodian Bank Awards
Bank of Cyprus has been named for the fourth year Best Sub-custodian Bank in Cyprus for 2016, as part of Global Finance’s annual awards for The World’s Best Securities Services Providers 2016.
The internationally prestigious Global Finance Magazine granted the same award to Bank of Cyprus in 2012, 2014 and 2015 and this recognition serves as a confirmation of the high quality global custody services offered by Bank of Cyprus.
The Custody & Trust Unit of Bank of Cyprus offers a comprehensive range of custody services in the global financial markets worldwide. Beyond custody, the Bank acts as Depositary for Alternative Investment Funds and Undertakings for Collective Investment in Transferable Securities, according to the relevant legislation, providing custody and oversight services to maximise the protection of investors and enhance the efficient performance of the fund.
The selection of the Best Sub-Custodian Bank is based on various service criteria such as quality of services offered, the efficiency of settlement of transactions, and the relationship with clients and their feedback.
The Global Custody Services offered, include settlement of transactions, safekeeping of titles, execution of corporate actions, proxy voting, collection and tax treatment of coupons and dividends.
Custodian services supplement a wide range of products and services offered by the Wealth, Brokerage & Asset Management Division of Bank of Cyprus, which include Private Banking, Institutional Wealth Management & Global Markets, Investment Banking, Asset Management, Global Brokerage, and Energy & Investment Strategy.
Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management.
Its website — GFMag.com — offers analysis and articles that are the heritage of 29 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.