Standard Chartered and eSecLending partner on securities lending
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Standard Chartered and eSecLending partner on securities lending 07 May 2019London Reporter: Becky Butcher
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Standard Chartered has teamed up with eSecLending to provide agency securities lending to its global institutional investor clients on both custody and non-custody basis.
The partnership will allow clients of Standard Chartered to benefit from eSecLending鈥檚 existing securities lending programme.
eSecLending鈥檚 securities lending programme includes a full front to back office service, including the auction platform, customised programmes, and performance.
Margaret Harwood-Jones, global head, securities services, transaction banking at Standard Chartered, commented: 鈥淪ecurities lending is an important addition to the suite of products offered within our Securities Services business, and a key component of our long-term growth strategy.鈥�
She added: 鈥淚n 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鈥檚 balance sheet. As the marketplace continues to evolve, we are looking forward to helping our clients in optimising their securities lending programmes.鈥�
Also commenting on the partnership, Craig Starble, CEO of eSecLending, said: 鈥淲e are excited to partner with Standard Chartered to offer 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.鈥�
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