The Bank of New York has partnered with CALYON Paris and IXIS Corporate and Investment Banking to expand its collateral management reach, bringing the US-based bank into the French securities lending and finance market.
“This arrangement with the Bank of New York allows us to streamline our operational processes and improve our client servicing while simultaneously opening up new revenue generating possibilities,” said Nicolas Hamar, head of equity finance Europe at IXIS corporate and investment banking.