UniCredit is pleased to announce that the Bank has been recognised as the Best Sub-custodian in 2019 by Global Finance magazine's editorial board across Central and Eastern Europe (CEE) as well as winning country specific awards as the Best Sub-custodian Bank in Austria, Bulgaria, Czech Republic, Hungary, Serbia and Slovenia. In determining the winners for each respective region and country, Global Finance’s editorial board considered market research, input from expert sources and entry information from banks to select the institutions that reliably provide the best services in local markets and regions.

The criteria included customer relations, quality of service, competitive pricing, smooth handling of exception items, technology platforms, post-settlement operations, business continuity plans and knowledge of local regulations and practices. Global Finance also obtained input from users of sub-custody services. Performance was judged over the period covering January 1, 2018 through December 31,2018.

Andrea Diamanti, Head of CEE Corporate and Investment Banking and Private Banking at UniCredit, commented: "We are delighted to be recognised by Global Finance as the best sub-custody service provider across CEE region and in a number of local markets. We are dedicated to serving our clients and these acknowledgements testify the achievements of our teams in understanding client needs thanks to our unrivalled local presence combined with  deep market knowledge, know-how and expertise. Our focus on security business is proven by our continuous effort to further enhance and harmonise our service and product offering, automate key processes across our markets and provide more efficient servicing capabilities for our clients.”

UniCredit is pleased to announce that it has been recognised as the Best Sub-custodian Bank in Central and Eastern Europe for 2020 by Global Finance for the eleventh year in a row. Alongside this regional award, the bank also took home gold in several individual country awards, scooping the title of Best Sub-custodian Bank in Austria, Bulgaria, Hungary, Serbia and Slovenia.

The awards for each region and country are determined by Global Finance’s editorial board, factoring in market research, input from expert sources and users of sub-custodian services, as well as bank submissions, in order to select the institutions that reliably provide the best services in local markets.

The criteria included customer relations, quality of service, competitive pricing, smooth handling of exception items, technology platforms, post-settlement operations, business continuity plans and knowledge of local regulations and practices.

Julia B. Romhanyi, Global Head of Securities Services, added: “We take great pride in our sub-custodian services at UniCredit and are delighted to have confirmed our position – not only as the best sub-custodian bank in Central and Eastern Europe, but as the leader in many individual countries as well. Our continued focus on providing high-quality, tailor-made and digital solutions has been central to our work over the past years and it is a pleasure to see the recognition of our continued efforts and our strong positioning in the region. This also underlines our dedication, throughout the recent pandemic, where we ensured a continued high-quality service. I am very proud of the dedicated teams across all of our countries who make it possible to keep our leading role and deliver excellence in the client, post-trade, securities servicing space.”