German institutional investors will pay more for extra custodial services
12 April 2012 Frankfurt
Image: Shutterstock
German institutional investors are willing to pay more for services above and beyond that of a standard custodian, according to BNY Mellon.
The survey, conducted by German consultancy firms itechx Consulting and FAROS Consulting, analysed investors’ latest demands for new products and services.
Oliver Draeger, senior investment consultant at FAROS, said: " We can answer the initial question - are depotbanks at a 'dead end' - with a definite 'no'."?
According to the survey, institutional investors are willing to pay separately for services such as transaction cost analysis, performance management and risk measurement, but custodians are not taking full advantage of available opportunities to sell such new services on a stand-alone basis.
The survey, conducted by German consultancy firms itechx Consulting and FAROS Consulting, analysed investors’ latest demands for new products and services.
Oliver Draeger, senior investment consultant at FAROS, said: " We can answer the initial question - are depotbanks at a 'dead end' - with a definite 'no'."?
According to the survey, institutional investors are willing to pay separately for services such as transaction cost analysis, performance management and risk measurement, but custodians are not taking full advantage of available opportunities to sell such new services on a stand-alone basis.
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