Results from the annual Agent Banks in Major Markets Survey, run by highly regarded industry magazine Global Custodian, reveals that SIX Securities Services is rated as the top ICSD for the third year in a row. The survey, which rates providers on aspects such as ‘Relationship Management’ and ‘Technology and Connectivity’, places SIX Securities Services as the firm market leader – it scores the highest across all categories.
On a 7-point scoring system, SIX Securities Services averaged 6.44, an impressive rise from 6.17 in 2016, and coming in higher than the global average of 5.54 and market average of 5.78. SIX Securities Services scored particularly highly in ‘Relationship Management’ (6.53), ‘Client Service’ (6.48) and ‘Technology and Connectivity’ (6.48). It also continues to impress and excel in areas such as ‘Corporate Actions’ (6.38) and ‘Settlement’ (6.41).
Despite not having the largest market share as an ICSD (26.8%), SIX Securities Services “comfortably exceeds the global average in all categories”, states the survey. One private bank client claims that SIX Securities Services is “stable, reliable and professional” with an “excellent service track record”.