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ABBL/CSSF/KPMG Depositary Banking & Custodian Services Survey 2025

Published on 30 October 2025

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Executive summary

The ABBL, CSSF and KPMG Luxembourg “Depositary Banking & Custodian Services Survey 2025” Survey (October 2025) presents the fourth edition of the national survey on Luxembourg’s depositary and custody sector. It highlights strong growth in assets under depositary and custody, increasing prominence of alternative assets, sustained market concentration, and ongoing transformation driven by regulation, digitalisation, automation, and evolving workforce requirements.

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