Standard Chartered partners with eSecLending for new agency lending service

The partnership will enable Standard Chartered to provide agency securities lending to both custody and non-custody clients.

By Joe Parsons

Standard Chartered has partnered with independent securities lending specialist eSecLending to provide a new service to its global institutional investor clients

The agency securities lending service will be provided to Standard Chartered’s institutional clients on both a custody and non-custody (third-party) basis.

“Securities lending is an important addition to the suite of products offered within our securities services business, and a key component of our long-term growth strategy,” said Margaret Harwood-Jones, global head of securities services, Standard Chartered.

“In partnering with eSecLending, we can offer our clients a truly differentiated service, from a best-in-class provider, backed by the strength of the bank’s balance sheet. As the marketplace continues to evolve, we are looking forward to helping our clients in optimising their securities lending programmes.”

Under the partnership, clients of Standard Chartered will benefit from eSecLending’s existing securities lending programme infrastructure, delivering full front-to-back office services including an auction platform, customised programmes, and performance measurement.

The service package will be available to both existing custody clients of Standard Chartered, as well as those clients that hold assets in custody outside of the bank.

We are excited to partner with Standard Chartered to offer their clients and prospective clients a world class securities lending solution,” said Craig Starble, CEO, eSecLending.

“Standard Chartered is a global leader in transaction banking and we appreciate their innovative approach in working with eSecLending to develop a robust securities lending service model that is scalable and tested.”