Tag: securities lending
The hire takes the total number of former Deutsche Bank securities lending staff to join the Japanese asset servicer to around 20.
BNP Paribas was appointed to provide global custody services to the Italian pension fund's €2 billion of assets in 2019.
The move marks the latest development in the securities lending market, as more asset managers seek to lend their holdings to other investors.
The agency lending team has partnered with its buy-side arm to provide securities lending clients with the strategy.
The Global Securities Lending Solutions (GSLS) Group within MUFG continues to grow as market revenues swing in Q1.
Emerging markets are attracting increased securities lending activity from international investors as beneficial owners seek new revenue streams, and positive developments in China and Saudi Arabia are fuelling this further, according to Adnan Hussain, global head of securities lending at HSBC.
The partnership with FinTech firm Sharegain aims to open the securities lending market up to wealth managers through a new digital offering.
With a lendable asset base of more than €250 billion, AXA IM is the second European beneficial owner to join the GPFA.
Global custody banks have expanded their services in the region in order to capitalise on the opening up of Saudi Arabia’s securities markets to foreign investors.