Cowen recruits Deutsche Bank's former head of prime brokerage Americas sales to bolster global securities finance division.
Partnership will see the expansion of e-contracts to help facilitate greater automation in the securities lending markets.
North American pension fund giants set up new association to encourage peer-to-peer securities lending
The associations aims to create a more efficient and actionable way to encourage peer-to-peer trading activity in the securities lending and repo markets for the benefit of asset owners.
The massive fall in revenues was largely caused by lower market valuations and short-selling bans enacted worldwide by regulators.
Through the combination of its existing Collateral Cockpit, SIX will provide a fully automated system for collateral management processes.
MUFG Investor Services will leverage the Equilend Spire securities finance system for all pre- and post-trade services wrapped up in one solution.
The two firms have partnered to develop a front-to-back securities lending solution using the Wematch platform for mutual clients.
The new mandate extends the relationship between the two firms, with the French custodian providing depositary banking services to Fondoposte since 2016.
The trade body brings on one of the world’s most vocal proponents for ESG standards, providing a significant backer to the group’s ESG agenda.
A study from EY and PASLA found 89% of its members believe securities lending is compatible with ESG principles.