Standard Chartered has entered into a partnership with eSecLending, the specialist independent securities lending agent, to provide agency securities lending to its global institutional investor clients on both a custody and non-custody (third party) basis.
Margaret Harwood-Jones, Global Head, Securities Services, Transaction Banking at Standard Chartered said; “Securities Lending is an important addition to the suite of products offered withinour Securities Services business, and a key component of our long-term growth strategy. In partnering with eSecLending, we can offer our clients a truly differentiated service, from a best- in-class provider, backed by the strength of the Bank’s balance sheet. As the marketplacecontinues to evolve, we are looking forward to helping our clients in optimising their securitieslending programmes.”
Under the partnership, clients of Standard Chartered will benefit from eSecLending’s existingsecurities lending programme infrastructure, delivering a full front to back-office service, including the auction platform, customised programmes, and performance, for which eSecLending is well known, supported by the strength and depth of Standard Chartered Bank. The whole service package will be available to both existing custody clients of Standard Chartered, as well as those clients that hold assets in custody outside of Standard Chartered.
Craig Starble, CEO of eSecLending said; “We are excited to partner with Standard Chartered tooffer their clients and prospective clients a world class securities lending solution. Standard Chartered is a global leader in Transaction Banking and we appreciate their innovative approach in working with eSecLending to develop a robust securities lending service model that is scalable and tested. We look forward to growing our successful partnership with the Bank over the long-term.”