Best Custodian Bank in South Korea - KB Kookmin Bank
As the largest custody institution in South Korea, this bank has ranked first in the custodian market since 2003. It recorded close to 17% market share as of 2021. It successfully expanded its customer base into securities companies that provide prime brokerage services to overcome the security market downturn caused by COVID-19 and the shrinking private equity funds. The bank oversees the investment trust sector and variable insurance deposits, and its foreign domestic investment holds first place in the country.
For its leading position in South Korea’s custodian market and successfully expanding its client base since the pandemic, this year’s winner for Best Custodian Bank in South Korea is KB Kookmin Bank.