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Deutsche Bank to open agency sec lending desk in Asia
18 May 2012 New York
Reporter: Mark Dugdale

Deutsche Bank is planning to open an agency securities lending desk in Hong Kong in the second quarter of 2012 so that it can provide a better service to its clients in local Asian markets. Greg Chamberlain will lead it...

SunGard aids Japanese securities lending automation
17 May 2012 Tokyo
Reporter: Justin Lawson

SunGard has extended its suite of securities finance solutions with the launch of Apex JSFC Trade Manager, which helps to reduce the costs and increase the productivity of lenders participating in Japan...

ABN Amro heads move to IT company
16 May 2012 Frankfurt
Reporter: Mark Dugdale

ABN Amro Bank’s heads of equity finance and information technology solutions, Sander Baauw and Raymond Vuyst, have joined the IT company Synechron...

Illinois pension fund adds Deutsche for sec lending
15 May 2012 Illinois
Reporter: Georgina Lavers

The State Universities Retirement System Board of Trustees (SURS) voted on 26 April 26 to retain Northern Trust as provider of custodial services for the organisation...

Boom in brokerage for Mizuho
15 May 2012 Tokyo
Reporter: Georgina Lavers

Japanese bank Mizuho has beat out analyst estimates to foretell 500 billion yen ($6.3 billion) in net income for the year ending March 2013...

Hong Kong stock exchange tightens short selling rules
14 May 2012 Hong Kong
Reporter: Mark Dugdale

The Stock Exchange of Hong Kong has amended the rules that regulate the short selling of designated securities after it conducted a review earlier this year...

FINRA bags new chief legal officer
11 May 2012 Washington, DC
Reporter: Mark Dugdale

US independent regulator the Financial Industry Regulatory Authority has hired Robert Colby as its chief legal officer, while general counsels Grant Callery and Marc Menchel are set to depart...

Markit continues expansion with Cadis purchase
11 May 2012 London and New York
Reporter: Mark Dugdale

Financial information services company Markit has agreed to purchase Cadis, an enterprise data management provider. The deal follows Markit’s acquisition of securities lending data provider Data Explorers in April...

Clearstream announces April 2012 GSF figures
11 May 2012 Frankfurt
Reporter: Mark Dugdale

Post-trading services provider Clearstream of the Deutsche Börse Group has released its April 2012 global securities financing (GSF) services figures. For GSF services, the monthly average outstanding reached €570.7 billion...

Scrabbling for collateral
10 May 2012 New York
Reporter: Georgina Lavers

Moody’s are considering industry-wide downgrades, with Morgan Stanley taking a potential $9.6 billion hit. After US financial stocks fell, the bank stated that counterparties may call $7.21 billion in additional collateral...

EquiLend and BNY Mellon team up to automate RQV communication
09 May 2012 New York
Reporter: Mark Dugdale

Trading and post-trade service provider EquiLend will work with BNY Mellon to migrate the communication of Triparty Required Value (RQV) figures from email to an automated process using the company’s triparty automated deal matching (ADM) platform.

Moody’s: Merlin acquisition is risky business
09 May 2012 New York
Reporter: Mark Dugdale

Credit ratings agency Moody’s Investor Service has reacted negatively to the Wells Fargo Securities acquisition of Merlin Securities LLC, a prime brokerage and technology provider based in San Francisco and New York...