Like many leading participants in the custody business, Bank of Bermuda is both a global custodian and a sub-custodian. With $105 billion of assets under administration, the bank provides a comprehensive range of custodian services. As a global custodian, the bank uses a network of 100 sub-custodian banks in 80 markets.

Bank of Bermuda specializes in unusual and customized services, such as the exception processing of non-standard transactions. This is particularly relevant in emerging markets, where about 20% of the bank's custody assets are invested.

A number of specialist fund administrators outsource custody services to Bank of Bermuda on behalf of their clients. The bank's custody customers gain access to the bank's online Custody Interactive network, which provides market information and data.

Copyright Global Finance Media Inc. Jul/Aug 2003

Provided by ProQuest Information and Learning Company. All rights Reserved