Who is a Custodian



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Who is Custodian and what does it do ?

3 Answer(s)


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A financial institution that holds customers' securities for safekeeping so as to minimize the risk of their theft or loss. A custodian holds securities and other assets in electronic or physical form.

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A Custodian is a person or entity that deals with safekeeping of securities of a client and providing the following services:
Maintaining accounts of securities of a client
Collecting the benefits or rights accruing to the client in respect of securities
Keeping the client informed of the actions taken or to be taken by the issuer of securities, having a bearing on the benefits or rights accruing to the client
Maintaining and reconciling records of the services referred to above

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Custodian is a person who has responsibility for taking care of or protecting something, in this case securities, pensions, insurance funds, etc.