UMB Financial CorporationUMB Bank's Institutional Custody division reached $250B in assets under custody, a 19% YoY increase, driven by demand from municipal governments, insurance providers, and asset managers.

UMB Bank's Institutional Custody division reached $250 billion in assets under custody as of March 31, a 19% year-over-year increase. Since becoming a standalone business in 2019, the division has grown 298%, driven by demand from municipal governments, insurance providers, and asset managers for specialized middle-office services. The bank has expanded its offerings to include foreign exchange capabilities, collective investment trustee services, and integrated liquidity solutions such as committed reverse repo facilities and lines of credit. Key partnerships include custodial services for the City of Fort Worth and integrated custody and credit facilities for ReFlow Fund, LLC.
UMB Financial CorporationUMB Bank's Institutional Custody division reached $250B in assets under custody, a 19% YoY increase, driven by demand from municipal governments, insurance providers, and asset managers.
ReFlow Fund, LLC is mentioned as a key partnership for integrated custody and credit facilities, indicating a positive business relationship.