J.P. Morgan Worldwide Securities Services (WSS) has executed and settled a securities lending transaction in the Brazilian market, becoming the first non-domestic agent lender to complete a loan transaction in Brazil.
As Brazil is a complex market, we have been involved in due diligence for quite some time and we are very pleased to now be able to enter such an exciting market, says Judy Polzer, global head of securities lending product at J.P. Morgan. This development underscores our commitment to offering global access to our client base and to building upon our history as a leader in emerging markets.
J.P. Morgan was the first agent lender to settle the first non-domestic securities lending transaction in Korea and is the largest lender within many emerging markets, including Taiwan.
The ability to offer Securities Lending services in the Brazilian market is part of our strategy to offer our global and Brazilian clients a broad range of local services to support their investment strategies, says Ricardo Nascimento, head of WSS business for Brazil.
J.P. Morgans Worldwide Securities Services business is top rated in the Global Custodian Securities Lending Survey.
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