Securities Finance
BNY Mellon will provide securities lending service to Kentucky Retirement Systems having acted as its global custodian since 2013.
Market Infrastructure
BNP Paribas Securities Services has announced a securities lending mandate with Italian pension fund Fondo Pensione PREVEDI.
Securities Finance
ITG paid a $24 million fine in January for its failures with handling American depository receipts (ADRs).
People Moves
Longstanding global head of securities lending trading, Grant Mackenzie, departed in May.
People Moves
Grant Mackenzie has left his role at HSBC having initially joined the bank in 1996.
Market Infrastructure
OCC and EquiLend have formed a partnership to extend CCP access to the securities lending market.
People Moves
BNP Paribas Securities Services’ head of securities lending for North America, Lance Wargo, has departed after four years in the position.
People Moves
The US investment bank has also announced the creation of a global funding and inventory management team.
Securities Finance
Latest data from securities finance market data provider DataLend reveals the securities lending industry is now a $2 trillion business.
Securities Finance
Increasing market volatility has contributed to revenues of over $8 billion in the global securities lending industry.