The massive fall in revenues was largely caused by lower market valuations and short-selling bans enacted worldwide by regulators.
Tag: securities lending
Services to include global and domestic custody, institutional accounting and securities lending for the agency.
MUFG Investor Services will leverage the Equilend Spire securities finance system for all pre- and post-trade services wrapped up in one solution.
The two firms have partnered to develop a front-to-back securities lending solution using the Wematch platform for mutual clients.
The trade body brings on one of the world’s most vocal proponents for ESG standards, providing a significant backer to the group’s ESG agenda.
A study from EY and PASLA found 89% of its members believe securities lending is compatible with ESG principles.
The clearing house has partnered with blockchain-specialist Axoni to develop the new system, and development is slated to begin in the second quarter of this year.
Securities lending experts argue beneficial owners are taking greater ownership over their governance responsibilities and applying these principles to securities lending programmes.
BBH appointed two long-time members of the business as co-heads of global securities lending, replacing Keith Haberlin who was appointed as head of BBH’s FinTech department.