VTB Bank was ranked the “Best Sub-Custodian Banks 2011” in Russia according to Global Finance magazine, a reliable source of news and analysis for the most important financial people in the world. Global Finance editors and reporters, with input from expert sources, selected VTB as the best provider of custody services in Russia to global custodians. Global Finance 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.
“Sub-custodians play a critical role in safekeeping client assets,” said Joseph Giarraputo, publisher of Global Finance. “We have identified Russian Bank VTB that does the best job of asset servicing and protection in markets around the world.”