China CITIC Bank — Best Custodian Bank in Asia

China CITIC Bank demonstrated strong financial and strategic leadership in the custodian business compared to its Asian peers, with assets under custody growing by 10% year-on-year to reach $2.1 trillion. It was one of the few banks in China to achieve positive net profit growth in 2023, strategically focusing on pension funds and digitalising its custodian platform further. 

For achieving robust growth and profitability amid a challenging financial environment, the award for Best Custodian Bank in China goes to China CITIC Bank.