BBH adopts Pirum’s recalls manager ahead of T+1 settlement shift
In preparation for the US settlement cycle's shift to T+1 in May this year, BBH Global Securities Lending has adopted Pirum's automated recalls manager solution.
In preparation for the US settlement cycle's shift to T+1 in May this year, BBH Global Securities Lending has adopted Pirum's automated recalls manager solution.
The bank states that after 6 September 2022 either party can terminate the transaction without penalty and says that despite a review of the deal “there can be no assurance as to the timing or outcome of that review”.
As part of the partnership, the custodian and industry experts have joined forces to innovate the fixed income ETF market.
Third-party securities lending agent adds industry veteran as head of client relationship management for EMEA.
Survey shows asset managers’ views on outsourcing, operational efficiencies and securities lending following an unprecedented year of change.