Assets under custody increased in Germany
Assets held by the 48 custodians based in Germany have increased to €1.496,2bn, according to the latest data released by the German Investment Funds association BVI.
This represents a gradual increase compared to roughly €1.419,6bnYoY. The market remains concentrated, with the ten biggest deposit banks covering a market share of 82%.
The biggest deposit bank in Germany is the Frankfurt branch of BNP Paribas Securities Services, which has €227.8bn in assets under custody, followed by State Street with €212.2bn, BNY Mellon with €152.3bn and JP Morgan with €134.7bn.