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Glossary

Agency Lending

A form of securities lending where an agent (e.g., a bank or financial institution) lends securities on behalf of the owner (beneficial owner).

Agency Lending News

Industry
Sharegain collaborates with DriveWealth to unlock securities lending

The partnership aims to open up opportunities for online brokers globally and allow them to integrate the full suite of capabilities of both platforms

Paul Smith swaps Deutsche Bank for Hargreaves Lansdown

Smith was global head of agency security lending operations and EMEA head of asset services at Deutsche Bank for more than seven years

SEC approves Securities Financing Transaction clearing service proposal of the NSCC

The new NSCC SFT clearing service will support the central clearing of clients’ SFTs intermediated by sponsoring members or agent clearing members, as well as the central clearing of SFTs between NSCC full-service members

Industry
State Street sees new servicing wins of $205 bn in Q4 2020

State Street’s Q4 2020 results revealed investment servicing mandates announced in Q4 totalled $205 billion, with quarter-end servicing assets remaining to be installed in future periods of $436 billion

BNP Paribas picks Anthony McDonald to head APAC services expansion

BNP Paribas has selected Anthony McDonald to head up the new Hong Kong agency securities lending desk

Exclusive: Deutsche Bank strikes several changes within securities services team

As well as naming a new head of securities services and agency lending for Europe, the Middle East, and Africa, Deutsche Bank has also amended its securities lending team

J.P. Morgan rejig continues with new custody chief

J.P. Morgan is continuing its shake up with appointment of Richard Gordon to the newly-created role of global head of custody and fund services operations

John Hancock chooses Citi for custody

John Hancock Group of Funds has chosen Citi to provide fund accounting services and global custody for 27 international US-registered mutual funds, representing assets of $29.1 billion...