SIX Securities Services gains industry-wide recognition as the leading international CSD services provider for Europe in Global Custodian’s 2014 Agent Banks in Major Markets survey.
The central securities depository (CSD) arm of SIX Securities Services – SIX SIS Ltd – swept the board at the latest awards for its industry benchmark Agent Banks in Major Markets survey.
It is now recognized as the leading provider of international (cross-border) CSD services for Europe and for CSD services in its home market of Switzerland.
This achievement ties in perfectly with the focus of SIX Securities Services of the past three years, which has seen it strive to be recognized as “one of the top-3” CSDs in Europe.
Thomas Zeeb, CEO of SIX Securities Services, commented, “Europe’s financial markets are increasingly moving towards integration and harmonization, with projects like T2S accelerating the process. In this context, our clients will continue to need excellent cross-border post-trade services and these results reflect the confidence they have in us.”
Robert Kay, Head of Research at Global Custodian, said, “These awards are the new hallmark of excellence in the area of agent bank service provision. They provide recognition of the quality of service and the trust that clients place in all the winners, including SIX Securities Services.”
“In winning six awards, SIX Securities Services, through SIX SIS Ltd, has shown its ability to demonstrate outstanding expertise in the eyes of its clients,” he added. “Given its reputation for excellence in business, we expect SIX SIS Ltd to continue to outperform in the years ahead.”
For 2014, SIX SIS Ltd, the international and domestic post-trade services provider, was awarded the maximum (3) possible score in each of the two domains in which it operates:
Highlights of SIX SIS’s performance in the survey include
- Awarded “Global Outperformer” in both of the domains in which it operates: International CSD and Switzerland
- Awarded “Market Outperformer” status in both of the domains in which it operates: International CSD and Switzerland
- Awarded “Category Outperformer” award status in both of the domains in which it operates: International CSD and Switzerland
The publication, which covers financial administration, prime brokerage and custody businesses, measures client perceptions across six core service categories including the quality of clearing, settlement and asset servicing provided by agent banks. Awards were attributed based on thousands of responses from around the world covering the performance of over 80 providers in 27 major markets.
Summarizing the results for Switzerland, Mr. Zeeb said, “For the Swiss market, we have long held the trust of our clients. Now we need to cater to their even higher expectations – and we look forward to meeting that challenge.”