Custodian selection

When selecting a new depositary, we first analyse the functional, procedural and technical requirements in interviews and workshops.

After collecting the requirements and defining the customer-specific requirements, we use either a "quick check tool" or a comprehensive due diligence questionnaire (depending on the complexity of the selection process). Our standard questionnaire comprising around 250 questions serves as the basis.

KPMG draws up a "long list" of suitable partners based on the client's individual requirements for a depositary. The tender documents are sent to these partners. The responses to these documents are evaluated using a prepared scoring model so that a ranking of the most suitable custodians can be derived.

As a rule, the responses to the invitation to tender already provide a good indication of whether a potential depositary fulfils the specific requirements. However, it is necessary to scrutinise the services offered in workshops and compare them with better practice approaches. This forms the basis for the management decision on the final selection of the depositary.

Our experts are also happy to advise you throughout the entire implementation and migration process. Important milestones include defining and implementing a target model, setting up framework agreements and SLAs, as well as test management and the final migration. This approach enables stumbling blocks to be recognised at an early stage, risks to be identified and appropriate action to be taken.