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18.03.2005

UK-based magazine Global Custodian awards BA-CA

  • Best Agent Bank in Central and Eastern Europe
  • Winner in eight individual countries

In an unprecedented achievement, Bank Austria Creditanstalt (BA-CA) and eight of the Central and Eastern European network banks were awarded for their extraordinary achievements by Global Custodian, the UK-based trade magazine. Yesterday evening Michael Aschauer, Head of Custody at BA-CA, accepted awards for Best Agent Bank in Central and Eastern Europe in addition to individual awards for Bulgaria, Croatia, Greece, Romania, Slovakia, Slovenia, Ukraine and Russia at a ceremony held in London. 

BA-CA was not only recognised by the publication for providing service excellence to the foreign investment community, but also for servicing local funds and pensions having won individual country awards as the Best Domestic Agent in Bulgaria, Croatia and Ukraine.

The „Emerging Markets Survey“, a rigorous annual client survey undertaken by a leading industry publication - Global Custodian, is commonly used by global custodians, broker / dealers and local funds in benchmarking agent banks’ capabilities. Aschauer said, “BA-CA, together with its Central and Eastern European network, continues to be recognised by its clients and the industry as the leading custody provider throughout the region. It is thanks to our local presence in all markets that allows us to be familiar with each individual market. ”

BA-CA’s approach to offering tailored solutions and the bundling of related products – custody, foreign exchange, banking and trade execution - gives the group a unique opportunity to be a single window to the different bourses of the region, while servicing the broadest client basis amongst its peers.

Contact: Bank Austria Creditanstalt International Press Relations
Ildiko Füredi-Kolarik, Tel. +43 (0)5 05 05-56102;
E-Mail: ildiko.fueredi@ba-ca.com