Tuesday, March 07, 2017
NIS is a division of Nedbank Corporate and Investment Banking.
Not only did NIS come out tops in the SA section of the survey; they also achieved global outperformer status for their overall ranking in all the survey categories: settlement, asset servicing, relationship and client services, technology, ancillary services, and value delivered.
Global Custodian said the major infrastructural development in the SA securities market in 2016 was the reduction in settlement cycle from five days to three. The transition, aligning with global standards, was extremely smooth - an accolade indicating that in supporting the JSE, NIS converted to a T+3 settlement cycle seamlessly.
The magazine said:
The bank has seen a fillip in its scores from foreign clients in 2016. In the case of value and commitment and relationship management, the increase in scores is substantial, up 85 and 88 basis points respectively. One regional bank notes that “their custodial service is excellent”.
Sign up to receive the news you want from ATMIA. We have a wide selection ranging from conference details, regional news and industry updates. You may update and change these details at any time. We look forward to staying in touch!
Add atmia.com to your favorites, make it your homepage or pin the website to your task bar or desktop.
Subscribe to our RSS feed and stay up to date with all of our press releases.