Annual Depositary Banking Cluster Meeting

A key highlight of the event was the insightful presentation by KPMG, which unveiled the results of their comprehensive study on the Depository Banking & Custodian sector. The findings shed light on critical trends, challenges, and opportunities shaping the industry today, sparking valuable discussions among attendees. This in-depth analysis provided members with key data that will be instrumental in navigating the evolving landscape of depositary banking and custodian services.

The annual meeting also served as an important platform to update our members on the various priorities being pursued by the Executive Council. These priorities include fostering closer exchanges with other professional associations to strengthen industry partnerships, addressing key advocacy issues, and engaging in regulatory discussions with the CSSF. The Council also shared its ongoing efforts to ensure that the sector remains adaptable to emerging regulatory and market changes.

Another significant announcement made during the meeting was the launch of an innovation bootcamp. This initiative, developed in collaboration with ABBL and LHoFT, will seek to explore new technological solutions and best practices for improving operational efficiencies and client services in the depositary and custodian banking sector.

Overall, the annual meeting was a resounding success, providing members with valuable updates, fresh perspectives on industry trends, and opportunities to engage in collaborative initiatives that will drive the future of custodian and depository banking.