面对新的竞争，他们感觉到了为当前客户维持较高服务级别的压力。
In the face of new competition, they are feeling pressure to maintain high service levels with current customers.
面对新的客户关系，不存在任何不良记录的负担。
With a new client relationship, there's no burden of bad history.
第三个改变和第二个紧密关联：托管商面对新的客户类型，包括---你可以列出来的---对冲基金和私人证券公司。
The third change is closely related to the second: custodians arecourting new kinds of customers, namely—you guessed it—hedge funds andprivate-equity firms.
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