UniCredit named Best Sub-Custodian Bank in CEE by Global Finance
- The Group also picked up country awards for Best Sub-Custodian Bank in Austria, Bulgaria, Bosnia & Herzegovina, Hungary, Serbia, and Slovenia
UniCredit has been named Best Sub-Custodian Bank in Central and Eastern Europe in Global Finance magazine’s annual awards, while also claiming six country awards for Best Sub-Custodian Bank in Austria, Bulgaria, Bulgaria, Bosnia & Herzegovina, Hungary, Serbia, and Slovenia.
Global Finance’s Sub-Custodian Bank Awards honour organisations that offer innovative ideas, efficient solutions, and strong advisory support.
“This is the 14th consecutive year that UniCredit has been recognised with this prestigious award, showing our unwavering commitment to delivering exceptional services to our clients,” said Fabio Fornaroli, Head of Corporates for Central and Eastern Europe, UniCredit. “Our country awards highlight the strength and dedication of our central and local Global Securities Services teams, who work tirelessly to provide the highest standards of custodian services, ensuring a smooth and efficient service for our clients. We are proud to be recognised as leaders in the industry and remain committed to exceeding expectations in the years to come,” he added.
Dieter Hengl, Member of the Management Board of UniCredit Bank Austria responsible for Corporates, adds: “Being named the best sub-custodian bank in Central and Eastern Europe and in Austria is an important recognition of the outstanding performance of our employees, a testament to our innovative strength and our strong international network. As the clear market leader in serving multinational companies in Austria, this award will motivate us to further improve our services, especially in the area of custody and safe custody, and to continue to support our customers with a comprehensive range of products.”
As part of the judging process, Global Finance’s editorial board considers market research, input from expert sources and entries from banks to select the institutions that reliably provide the best services in local markets and regions.
The criteria include customer relations, quality of service, competitive pricing, smooth handling of exception items, technology platforms, post-settlement operations, business continuity plans and knowledge of local regulations and practices. Last, but not least, Global Finance also obtain input from users of sub-custody services.
“The pandemic accelerated the pace of digitization for sub-custodians and these banks continue to adapt in order to provide top-notch securities services to their global clients,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance in the announcement of the awards.
Enquiries:
UniCredit Bank Austria Media Relations
Matthias Raftl, Tel. +43 (0)5 05 05-52809
Email: matthias.raftl@unicreditgroup.at