A custodian, in the United States , is a person that cleans and maintains large Building s, and in this respect it is synonymous with Janitor . Examples include a school custodian or a custodian for any large building or set of buildings.
Custodian as a Legal Term , refers to the person appointed to manage and dispense funds for a child without constricting court supervision and accounting requirements.
Custodian as a and Bonds , arrange settlement of any purchases and sales of such securities, collect information on and income from such assets ( Dividend s in the case of equities and interest in the case of bonds), provide information on the underlying companies and their annual general meetings, manage cash transactions, perform foreign exchange transactions where required and provide regular reporting on all their activities to their clients.
---Custodian banks are often referred to as '''Global Custodians''' if they hold assets for their clients in multiple jurisdictions around the world, using their own local branches or other local custodian banks in each market to hold accounts for their underlying clients. Assets held in such a manner are typically owned by Pension Fund s.
