Global Investor has named SEB banka the best provider of custody services in Latvia

At its award-giving ceremony in the beginning of July, the influential international financial and property management magazine Global Investor named SEB Group the winner in the custody services category.

At its award-giving ceremony in the beginning of July, the influential international financial and property management magazine Global Investor named SEB Group the winner in the custody services category in six out of seven countries. SEB Group has been recognised as the provider of the most professional custody services in Latvia, as well as in the Danish, Lithuanian, Norwegian, Finnish, and Swedish markets.

Many leading foreign financial institutions that use the custody services provided by SEB Group in the relevant market have rated the services provided by SEB Group.

”What we have seen in cooperating with our customers who invest in securities is that they value the reliability and convenience of the custody services. The second important aspect is the possibility to benefit from the local expert knowledge and timely information about the changes in the relevant market. This is of a particular importance in the light of the changes that will be implemented as of 18 September 2017, when the Latvian Central Depository will merge with the T2S and the Baltic Depository. For us it is important that customers appreciate our services; we therefore base our cooperation on one of our core principles – Customers First. We are pleased about the international recognition – this is truly the best acknowledgment of our efforts“, says Gatis Simsons, Senior manager of Custody Services at SEB banka.

Custody services comprise the accounting for the securities purchased by the customer, the secure custody thereof, making of payments, providing services related to securities transactions to ensure that the orders related to customers' securities are executed accurately and expediently. The international financial magazine Global Investor, in publishing since 1985, determines the best provider of custody services in a particular country based on expert opinions about various providers of custody services expressed by brokers and global-level institutional securities managers.

T2S (TARGET2-Securities) is a single pan-European platform for securities settlements, i.e., a technical solution to securities settlements. The platform aims to provide effective and harmonised securities settlements in Europe, as well as to eliminate the differences between domestic and cross-border securities settlements among central depositaries in Europe.