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Nedbank Investor Services tops yet another survey

Tuesday, March 07, 2017

by Nedbank Limited

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”.

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