Global Custodian Fall 2018 | Page 57

[ M A R K E T R E V I E W | C U S T O D I A N M & A ] Consolidation has been rife among fund administrators, stock exchanges and asset managers in recent years, and with regulatory, cost and technological pressures facing custodians, could they be next to see an M&A trend, asks Charles Gubert? ZON? Fall 2018 globalcustodian.com 57