Custodian

1.

An organisation that undertakes the role of holding and accounting for assets, including cash, and investment income in an investment portfolio on behalf of Trustees or an investment manager.

2.

Any organisation or individual that holds assets on behalf of another organisation or individual.

See also

• Agent bank
• Custody
• Custody risk
• Global custodian
• Securities settlement system
• Sub-custodian
• Trustees