The agency securities lending group at Dresdner Kleinwort Wasserstein (DrKW) has been awarded the third-party securities lending mandate for the Apple Bank for Savings’ investment portfolio. The 140-year-old Apple Bank for Savings, which has lent securities since 1994, has $6 billion in assets.
“We are excited to work with Apple Bank for Savings again here at DrKW,” says David Martocci, New York-based global co-head of Agency Securities Lending Group at DrKW. “They join a growing list of strong relationships that represent a diverse group of clients, including European central banks, money managers, pension plans and public funds and insurance companies.”