JPMorgan Securities Lending Becomes First Major International Agent Lender to Complete Securities Lending Over-the-Counter Transactions in Greek and Polish Equities
JPMorgan Securities Lending, a JPMorgan Treasury & Securities Services business, has become the first major agent lender to lend Greek and Polish equities. With the opening of these two markets, JPMorgan is now lending in over 30 international markets. This supports the firm’s global expansion efforts, a key area of focus.
“JPMorgan’s approach to opening new markets means our clients are at the forefront of opportunities to enhance returns through securities lending,” says Nick Rudenstine, global securities lending product head, JPMorgan Treasury & Securities Services.
JPMorgan began lending Greek equities within seven business days after the Hellenic Capital Market Commission approved using the over-the-counter facility for securities borrowing and lending. The first trade in Polish equities followed shortly thereafter. Entering both the Greek and Polish markets ahead of the competition allows the bank’s clients to take advantage of higher fees driven by increased demand and limited supply.
“We are committed to delivering superior results for our clients, whether through the opening of new markets, delivery of new product capabilities, or leveraging the firm’s resources and capital strength,” says Sandie O’Connor, global head of financing & markets products, JPMorgan Treasury & Securities Services.
D.C.