Global Custody and Clearing Services

' Just 20 years ago global custody described an arcane activity practiced by several hundred domestic banks in Europe and North America. Today it is a major industry dominated by a few global institutions. These players operate as information and processing hubs for upwards of $100 trillion in financial assets. Automation, standardization, and consolidation got us here. Now we find ourselves in a period of astounding innovation and complexity. This book answers a need for an overview of the industry' s origins and current trends. It also provides a wealth of detail on best practices, technologies, and service providers to help the global custodian in years to come. A timely book which connects custody, clearing and settlement services with sophisticated systems, applications, and processes. ' - Taylor Bodman, Partner, Brown Brothers Harriman

' Custody is getting to be an increasingly complex area in which to deliver excellence in services. What worked last year, won' t necessarily work next year or even next month. New paradigms are needed, particularly in corporate actions processing, to meet double digit growth in cross border investment. This book gives an excellent explanation of our industry and what issues it needs to address to create those paradigms. ' - Martin S. Foont, President& CEO GlobeTax.

' Other books in this genre focus either on history or on practice. This book is uniquely valuable for practitioners because it uses history to explain and putcurrent practice into context, then uses it as the platform to point the way for the future of custody and clearing services. In that regard, this is a " must have' book for the serious professional. It is clear, succinct and to the point, not an easy thing to achieve in a work that has such a wide scope. ' - Alan Philpot, Chief Executive Officer, Penson Financial Services.

' I found the explanation of the current global custody and clearing service to be very thought provoking and insightful. The book ties together elements of the industry that will be helpful to insiders and newcomers alike. This book is a window into the industry, offering a view on the current business landscape and some interesting thoughts on where the industry might be heading. ' - Paul Stillabower, Global Head of Business Development, HSBC Securities Services, Fund Services.

' Its accessible style, coupled with excellent graphics and informed content, makes Global Custody a worthwhile read for insiders and novices alike. ' - Securities& Investment Review