UniCredit is pleased to announce that it has been recognised as the Best Sub-Custodian Bank in Central and Eastern Europe for 2021 by Global Finance - continuing a winning streak that now runs into its twelfth consecutive year. Alongside these top regional honours, the bank also picked up the top prize in eight individual country awards, scooping the title of Best Sub-Custodian Bank in Austria, Bulgaria, Bosnia & Herzegovina, Czech Republic, Croatia, Hungary, Serbia and Slovenia.
The awards for each region and country are determined by Global Finance's editorial board, factoring in market research, input from expert sources and users of sub-custodian services, as well as entries from banks, in order to select the institutions that reliably provide the best services in local markets.
The criteria included 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, with UniCredit's expertise in the securities services' market regulation setting the bank apart from other providers.
Julia B. Romhanyi, Global Head of Securities Services, added: "At UniCredit, we take great pride in our sub-custodian services so we are delighted to have confirmed our position as the best sub-custodian bank in Central and Eastern Europe, on top of leading in eight countries as well. These accomplishments underline the bank's dedication, especially throughout the challenges brought about by 15 months of changes due to the pandemic, where we have nevertheless ensured a consistently high-quality service. At the core of our success has been the dedication of our excellent team and our continued focus on providing high-quality, tailor-made and digital solutions. I would like to take this opportunity to thank the team for their hard work and, of course, our clients, who give us the platform to reach these achievements.