Rank	Custodian Banks	Country	AUC in USD Millions
1.	The Bank of New York Mellon Corporation	U.S.	24,266,267
2.	Euroclear	Belgium	19,407,827
3.	J.P. Morgan	U.S.	16,032,933
4.	State Street Corporation	U.S.	15,794,657
5.	Citi	U.S.	12,600,000
6.	BNP Paribas Securities Services	France	6,205,000
7.	HSBC Securities Services	United Kingdom	5,600,000
8.	Mitsubishi UFJ Financial Group	Japan	4,955,728
9.	Société Générale Securities Services	France	4,444,000
10.	Northern Trust Corporation	U.S.	4,100,000
11.	UBS AG	Switzerland	3,372,000
12.	Caisse d'epargne Investor Services (CACEIS)	France	3,300,000
13.	RBC Dexia Investor Services	United Kingdom	2,673,483
14.	Brown Brothers Harriman & Co.	U.S.	2,529,290
15.	Wells Fargo	U.S.	1,100,000
16.	Credit Suisse	Switzerland	1,091,733
17.	National Australia Bank (NAB)	Australia	687,000
18.	SEB Securities Services	Sweden	682,699
19.	Pictet & Cie	Switzerland	394,534
20.	KAS Bank N.V.	Netherlands	380,000
21.	Standard Bank	South Africa	300,000
22.	Fifth Third Bank	U.S.	266,000 (acquired by Northern Trust in June 2011)
23.	Bank of Ireland Securities Services	Ireland	140,000
24.	Comerica Bank	U.S.	79,000

Source: The Asian Banker