J. Sifri

The custody business is one of the most lucrative divisions in investment banking. It is estimated that custody annually generates some 12.5 Billion in fee income noting that fees only constitute about 40% of the overall income of a custodian… this is a high profile business worth considering especially now that global fund managers such as State Street Bank, Bank of New York, Barclays..etc are investing in the emerging markets of the Middle East. (more…)