The international custody business of SIX has now reportedly surpassed CHF 1 trillion in international assets under custody for the “first time” as the business claims that it is experiencing a solid year. Steady demand for SIX’s custody services was underpinned by the recent international market rally and in particular relatively strong growth in US equity markets.
In total, SIX holds CHF 7.2 trillion in assets under custody, “covering both domestic and international custody.”
Custody of equity assets has been the biggest driver, with an “increase of CHF 44 billion year to date (+6%).”
This rise is distributed among Foreign Registered Shares (+10%) and International ETFs (+5%).
Other asset classes have also seen “significant growth.”
Bonds under custody have increased by “12% and Warrants/Structured product by 31%. ”
The growth in assets under custody comes from more activity across SIX’s global footprint.
There has been significant increases in holdings from “clients in the US and Germany.”
In the UK, the increase came from activity in the ETF market. This growth also reflects some “additional portfolios from new clients.”
Rafael Moral Santiago, Head Securities Services and Member of the Executive Board of SIX said that this milestone in their international custody business is a testament to their growth strategy and “an incentive to continue offering the best service to our clients in all asset classes in the 50 countries SIX operates in.”
Their goal is to be the trusted custody partner “for private banks, wealth managers and other demanding clients,”
SIX provides integrated international custody services “covering all asset classes, including equities, bonds, funds, hedge funds and structured products.”
With a track record for delivering custody solutions, SIX combines market access models, expertise, and integration capabilities with “an expanding global footprint.”
As covered earlier this month, SIX has announced that it supports Worldline’s transformation plans and will back various proposals at the planned extraordinary general meeting. Worldline remains a key partner of SIX in the payments sector. Reflecting its capital allocation and strategic business growth priorities, SIX stated that it does not intend to participate in Worldline’s recently unveiled capital increase.
SIX’s 2025 Group net result will now reportedly include an “estimated non-cash impact in relation to Worldline of approx. CHF -550 million, primarily reflecting Worldline’s goodwill impairment announced with its 2025 half-year results.”
Adjusted for Worldline-related effects, the Group net result is “expected at approx. CHF 250 million, and the Board of Directors expects to propose a stable dividend for 2025.”