Subject The article addresses trust management in banks, analyzes the efficiency of fiduciary management of securities portfolio by the largest banks. Objectives The purpose is to define the nature, develop a mechanism and improve trust management operations in commercial banks to ensure competitiveness of financial institutions. Methods The study employs findings of Russian economists on trust management, data of the Bank of Russia and financial statements of credit organizations, and rests on general scientific and special methods, the statistical, coefficient and comparative analysis. Results We developed a model under which banks may develop retail trust management. It intends to show major opportunities of private investment development as an efficient method of banking operations' differentiation. The paper reveals a problem in performing the analysis of banks' fiduciary activity efficiency due to non-availability of information about trust expenses, and offers solutions to trust management improvement in banks. Conclusions and Relevance Banks occupy an insignificant share in the individual trust management market, however, positive investment results testify to the fact that banks are efficient in managing both their own portfolio and their customers' portfolio.
Keywords: trust management, fiduciary management, investment, innovation projects, bank financing
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