Bank of New York Mellon may be the leader in the global custody banking industry by a good margin, but when it comes to growth in the size of its assets under custody, things haven't really looked too good in the recent past. The custodian's asset base has largely remained stagnant since early last year, growing by about $600 million over the period when its three biggest competitors, JPMorgan Chase, State Street and Citigroup roped in between $1 billion and $1.6 billion in net new assets.
Bank of New York Mellon may be the leader in the global custody banking industry by a good margin, but when it comes to growth in the size of its assets under custody, things haven't really looked too good in the recent past. The custodian's asset base has largely remained stagnant since early last year, growing by about $600 million over the period when its three biggest competitors, JPMorgan Chase, State Street and Citigroup roped in between $1 billion and $1.6 billion in net new assets.
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