11th Annual Custody Buyer's Guide

Global Finance,  Apr 2001  by Thurston, Charles W

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CONTACT: James Kent. Tel. 617-772 1040; Fax: 617-772-2263. E-mail: james.kent@bbh.com.Web site: www.bbh.com

CIBC MELLON

CUSTODY ASSETS: 2000:$2.8 trillion; 1999:$2.7 trillion (includes CIBC Mellon, Mellon Trust, and ABN-AMRO Mellon)

RATINGS: Moody's Aa3; S&P AA-; Fitch IBCA AA-; Bank Watch A/B; Dun & Bradstreet FRI

CLIENT PROFILE: By investor type: pension funds 33%; banks/brokers 10%; insurance companies 12%; mutual/pooled funds 24%; governments 13%; corporate/other 8%. Foreign: 27%; Domestic 73%

CAPABILITIES/SERVICES: securities settlement, safekeeping, entitlement processing and reporting, multicurrency accounting and reporting, global performance measurement, global investment analytics, universe comparison, international securities lending, online real-time investor reporting, investment fund services, integrated benefit payment system, foreign exchange, cash management.

TOP EMERGING MARKETS: Added Bolivia, Costa Rica, Croatia, Morocco, Panama, Romania, Slovenia, Tunisia,Vietnam in past two years.

BUSINESS DEVELOPMENTS: Roll-out of enhanced Internet capabilities, reengineering business process for corporate actions, straight through processing initiatives and performance measurement product through Russell/Mellon Analytical Services

OUTLOOK: Focus on product development and value-added services categories such as risk management, transition management services, and outsourcing services, in addition to market expansion.

CONTACT: David Linds.Tel: 416-8602496; Fax: 416-860-2542. Email: david_linds@cibcmellon.com. Web site: www.cibcmellon.com

CODIT AGRICOLE INDOSUEZ

CUSTODY ASSETS: 2000: 500 billion euro; 1999: 200 billion euro

RATINGS: Moody's Aa1; S&P AA; Fitch IBCA AA+

CLIENT PROFILE: By location: Foreign 25%; Domestic 25%

CAPABILITIES/ SERVICES: all assets services for fund managers, insurance companies, French listed companies, including real-time reporting, trade settlement, income collection, proxy voting, tax reclaim, registrar, daily net calculation, foreign exchange, recordkeeping services, fund administration, and trust services.

BUSINESS DEVELOPMENTS: Bringing together under Financial Services Division activities previously pursued by CNCA, Credit Agricole Indosuez, and Fastnet in terms of services proposed, market development and technology resources. Division will include specialized subsidiaries, serve the bank's internal and external clients, and have responsibility for supervising financial services business lines at the European level, notably with CAI Luxembourg.

CONTACT: Regine Besnier-Docet, first vice president.Tel: 33-1-41-8937-93; Fax: 33-1-41-89-49-07. E-mail: regine.besnier-docer@ca-indosuez.com.Web site: www.ca-indosuez.com

DEN NORSKE BANK

CUSTODY ASSETS: 2000: $48.5 billion; 1999:$51.3 billion

RATINGS: Moody's Al; S&P A

CLIENT PROFILE: By location: largest geographical area is Europe. By investor type: largest group is banks. Foreign: 50%; Domestic: 50%

CAPABILITIES/SERVICES: Focuses on Norway and on Norwegian investors with cross border custody needs.