
The Risk
Institutional Investors appoint Global Custodians for their fund administration and accounting, settlements, and corporate actions across multiple assets classes: equities, bonds, cash, derivatives, hedge funds, real estate, and private equity. Global Custodians support investment across markets and appoint sub-custodians (agent banks) in markets where they do not have a presence. Choosing and reviewing global custody arrangements is a critical task that Institutional Funds undertake regularly, but opaque fee structures, lack of transparency and a disinclination to move assets can leave Funds underserved and over-charged.
The Solution
Thomas Murray's Fund Advisory team are experts in Securities Services. They carry out consulting engagements, benchmarking reviews and RFP processes for Asset Owners and Asset Managers to find the best possible global custody arrangements, and to ensure they are compliant with their counterparty evaluation, selection, and monitoring requirements.

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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