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Benga Sofoluwe to join Citi


06 February 2014 London
Reporter: Mark Dugdale

Former Deutsche Bank head of European securities lending Benga Sofoluwe has left hedge fund EQI Asset Management and will soon take up a senior role at Citi, according to sources...
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Big reshuffle for Citi investor services


06 February 2014 London
Reporter: Georgina Lavers

Citi has integrated its services in a new platform, forming an “investor services group” that promises to address financing, execution, collateral management, custody and fund services...
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Russian CSD extends collateral fees


06 February 2014 Moscow
Reporter: Georgina Lavers

The supervisory board of National Settlement Depository (NSD), Russia’s central securities depository, voted to extend the validity of the fees for collateral management services and the fees for clearing services...
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BNY Mellon picks up Irish mandate


06 February 2014 London
Reporter: Georgina Lavers

BNY Mellon has scored a fund administration and securities lending mandate with Aon Hewitt on two of its Irish-domiciled fund ranges with assets of roughly £4 billion...
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Manual entries are no more, say SunGard


05 February 2014 New York
Reporter: Georgina Lavers

SunGard’s Loanet, a suite of solutions for the US and Canadian securities finance industry, has created a new order management service that aims to help borrowers and lenders increase automation and boost productivity of their trading businesses...
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State Street signs Lufthansa Airlines for another 5 years


05 February 2014 Frankfurt
Reporter: Georgina Lavers

State Street has extended its 13 year relationship with Lufthansa German Airlines Group (Deutsche Lufthansa AG) for an additional five years. The relationship will now include transition management, collateral management and FX spot execution service
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Citi builds on emerging markets rep


04 February 2014 Moscow
Reporter: Georgina Lavers

Citi has broken into the Russian market by launching lending services in Russian securities through its OpenLend platform...
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OCC announces record January activity


04 February 2014 Chicago
Reporter: Daniel Jackson

OCC cleared contract volume reached 395,595,620 in January, an 8 percent increase from the January 2013 volume...
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Exclusive: William Duff Gordon resigns from Markit


03 February 2014 London
Reporter: Mark Dugdale

William Duff Gordon, research director at Markit Securities Finance, has resigned from his position. Linda Benzi has also left the data analytics provider to join E*Trade, which has also recruited Anthony Barros...