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Career Guide: Global Custody

Global custodians keep the financial markets ticking, by storing and settling securities as well as paying out dividends on stocks and coupons on bonds. But their role has become ever-more complex and the range of services they offer has expanded. The types of functions offered by global custodians are also called asset servicing. This is a broad term that can include master record-keeping, dividend payments and trade settlements. Custodians work with asset managers and mutual funds, but also offer their services to hedge funds and private equity firms in the alternatives space. This is what you need to know about working in the sector.