In the latest survey of services delivered by trustees and depositaries to United Kingdom Authorised Unit Trusts and Open-Ended Investment Companies, State Street climbs from fourth to first ranking. J.P. Morgan finishes a very close second.
After previously coming top in the ranking, HSBC drops to fourth place on account of other providers stepping up their game.
Richard Hogsflesh, R & M's managing director, comments: "The 21st century trustee is a much more proactive person, engaging with the fund manager - advising, supporting but still monitoring his activities to ensure they comply with all relevant laws and policies".
View the results table and more details
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