The asset management industry has been evolving in recent years, in response to a new economic environment with high interest rates. At the same time, depositaries have been adapting the services they offer to meet the needs of their customers. Having evolved from a mere custodian and depositary function years ago, it now plays an important role in investor protection and acts as a partner of fund managers. That leads to the strategic lines that will define the roadmap for depositaries in 2024
Encouraging alternative vehicles, offering custodian services for digital assets and advancing in the field of pensions with Publicly Promoted Employment Pension Plans are some of the strategic lines that will define its roadmap for depositary entities in 2024.
Aurora Cuadros, Corporate Director of Securities Services at Cecabank, says that our priorities for 2024 include, as is the case every year, guiding our customers in all their service needs. This support, based on listening, proactively anticipating customer requirements and always dealing closely with customers, is an essential part of Cecabank's DNA. In this regard, this year we will be heavily engaged in maintaining our consolidation as the leading custodian bank in the Iberian Peninsula, and in assisting our fund managers in the roll-out and specific implementation of everything related to the Publicly Promoted Employment Pension Plans.
Beyond this pragmatic goal, our roadmap includes expanding our internationalisation, with clearly identified target markets; and reinforcing our digital asset custodian activity, with the clear intention of being at the forefront and also a benchmark in the custody of this type of assets.
