
The Risk
Institutional Investors are exposed to a wide range of risks when they invest in foreign markets. These risks go beyond exposures to a local custodian bank, a CSD or a fund administrator. In fact, they include a range of risks that are not routinely intermediated or indemnified by any of these institutions, including:
- Lack of simultaneous delivery against payment
- Breakdowns in critical systems
- Entitlements lost because of inadequate information about a corporate action or an AGM
The Solution
Thomas Murray provides an independent assessment of the risk of safekeeping, transaction settlement, and asset servicing processes in a market, based on a comprehensive analysis of the post-trade risks in that market.
With this service, institutional investors are continuously updated on their post-trade exposure across their invested markets.

Markets are graded from AAA to CCC
The assessments measure the extent to which investors are exposed to eight primary risks:

Asset Commitment

Liquidity

Counterparty

Financial

Asset Safety

Asset Servicing

Operational

Governance and Transparency
We safeguard clients and their communities

Petroleum Development Oman Pension Fund
“Thomas Murray has been a very valuable partner in the selection process of our new custodian for Petroleum Development Oman Pension Fund.”

ATHEX
"Thomas Murray now plays a key role in helping us to detect and remediate issues in our security posture, and to quantify ATHEX's security performance to our directors and customers."

Northern Trust
“Thomas Murray provides Northern Trust with a range of RFP products, services and technology, delivering an efficient and cost-effective solution that frees our network managers up to focus on higher Value activities.”
Insights

Is a Quantum Shift in Thinking Required for Private Equity?
The past year has seen big technology stories, themes and events that offer real learnings for private equity.

Dear Sir/Madam, Did You Know That AI is a Risk to Your Business?
Did you know that AI is a risk to your business? On 15 April 2026, the UK Government issued an "Open Letter to Businesses on AI Cyber Threats"

Five Reasons Proactive Operational Due Diligence is More Important Than Ever
Several high-level themes have emerged in recent years, that bring into sharp focus why effective ODD is more important than ever.

Securities Clearing Center Company, Muqassa, Announces its Continued Compliance with the PFMI
Muqassa is pleased to announce its continued compliance with the PFMI following a review by Thomas Murray.
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