The partnership highlights a growing trend of Asian asset managers turning to securities lending as an additional source of income.
The solution is currently being used by a number of clients including a tier-one global investment manager.
The approval will allow European-based clients to continue trading on the platform without the interruption of the UK’s exit from the EU.
The ASIFMA paper suggested allowing investment managers and their lending agents, often global custodians, to carry out securities lending in the markets.
SEB has become the second bank to select the trade repository for securities lending reporting, after Societe Generale signed up to the service in February.
IHS Markit has hired the former head of agency lending sales, EMEA at JP Morgan in a new role focusing on services to beneficial owners.
Global Custodian takes a deep dive into the nominees for its Editors’ Choice awards at this year’s Leaders in Custody event, beginning with the candidates up for Asset Servicing Deal of the Year.
Securities lenders and borrowers will be able to analyse their performance against best matched peer groups.
The securities finance division was one of the worst performing business units for State Street in 2018.
The new system will integrate its trading, post-trade and data services, as well as its flagship Next Generation Trading (NGT), on a single platform.