Nuveen awards State Street new securities lending mandate for $4 billion of assets
State Street has been appointed the securities lending agent for four Nuveen mutual funds with assets of over $4 billion.
Securities Finance
SimCorp onboards Dutch pension giant PGGM to SFTR solution
In the first month of using SimCorp’s SFTR cloud solution, PGGM has processed over 320 trades and over 590 valuations.
Cowen recruits ex-Deutsche Bank prime brokerage veteran for Delta One sales
Cowen recruits Deutsche Bank's former head of prime brokerage Americas sales to bolster global securities finance division.
Securities finance and derivatives associations create new alliance
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.
COVID-19 and short selling bans lead to new low for global securities finance revenues
The massive fall in revenues was largely caused by lower market valuations and short-selling bans enacted worldwide by regulators.
SIX launches new Triparty Agent for enhanced collateral management service
Through the combination of its existing Collateral Cockpit, SIX will provide a fully automated system for collateral management processes.
MUFG Investor Services to use EquiLend as core securities lending platform
MUFG Investor Services will leverage the Equilend Spire securities finance system for all pre- and post-trade services wrapped up in one solution.
Bank of America goes live on joint Wematch-Pirum securities lending platform
The two firms have partnered to develop a front-to-back securities lending solution using the Wematch platform for mutual clients.
BNP Paribas Securities Services awarded securities lending mandate by Italy’s Fondoposte
The new mandate extends the relationship between the two firms, with the French custodian providing depositary banking services to Fondoposte since 2016.