Thomas Murray - Our Clients

Our Clients

Thomas Murray’s clients include major banks, custodians, depositary and private banks, financial market infrastructure organisations and institutional investors. What they have in common is a need to understand their counterparties, market environment and ecosystem.
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.
Northern Trust


  • Cash Banks
  • Global Custodians
  • Depositary Banks
  • Private Banks

For many years, global and regional custody service providers have formed the core of Thomas Murray’s banking client base. These banks use Thomas Murray’s securities market and counterparty risk analysis as an efficient and cost-effective solution to support their internal analytics. In addition, depositary and cash banks use Thomas Murray to monitor, analyse and benchmark their counterparties.

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


  • Asset Owners
  • Fund Managers
  • AIFMD/UCITS V Management Companies
  • Fund Platforms

Thomas Murray supports institutional investors who monitor their custodian banks and the post-trade risks to which they are exposed. In addition, we provide a range of post-trade advisory services to sophisticated investors looking to keep on top of key trends and issues. Management companies exposed to European fund regulation engage with Thomas Murray to help mitigate their risk exposure to transfer agents, CSDs and a range of other counterparties. Technology is central to everything we do, from data collection and validation to monitoring, analytics and interactive benchmarking.

We have worked with Thomas Murray on several occasions in the last 10+ years and they have been very useful in helping us identify and address our weaknesses and reduce risks and make the post-trade in Chile more efficient and in line with international standards.
DCV Chile

Capital Market Infrastructures

  • Central Securities Depositories
  • Central Counterparties
  • Central Banks
  • Exchanges

Thomas Murray provides support and intelligence to a variety of market infrastructure organisations across the world, allowing them to maintain an up-to-date view of global infrastructural developments and trends in the post trade world.

CEO Ross Whitehill discusses aspects of Thomas Murray’s work, client base and global coverage.