Best Global Custodian
State Street
State Street is known for its adaptability, doggedness and its shrewd moves - illustrated by its ground-breaking work with exchange traded products. This year the custodian's regional head, KK Tse, has been instrumental in opening up China, one of the hottest potential markets in the region now that qualified foreign institutional investor QFII status has been approved. This is being done through a strategic alliance with ICBC, the largest state-owned commercial bank in the country, and through Tse's involvement as chairman of the open-ended mutual funds committee for the CSRC. The committee has provided technical advice to the CSRC, fund management companies, custodian banks, and the...
