Securities lending has never been more relevant than it is today. We are arguably entering one of the most exciting periods for the industry where challenges and opportunities are in equal measure. Where there have been binding constraints or emerging opportunities, the impetus to drive innovation and bring greater diversity of thought to the industry has become essential. As such, client engagement has never been higher with market participants reviewing their models and methods to meet this strong opportunity. Continue reading “Key Drivers Impacting Securities Lending – Join us at the IMN Europe Conference!”
In comparison to the US, European corporations tap the capital markets to a much lesser extent, preferring to borrow directly from banks. Settlement inefficiency across the EU is seen as one reason for this and the comprehensive set of measures contained in ESMA’s Central Securities Depository Regulation (CSDR) is an attempt to address this. Continue reading “The Impact of CSDR on Securities Lending”
As the second largest securities lending market in APAC, Hong Kong has been the success story in recent times and industry experts are seeing continued growth for clients there. Zubair Nizami, Head of Asian Securities Lending Trading at BBH recently discussed his market observations with Securities Lending Times.
Continue reading “The Standout Asian Market for Securities Lending”
In the Americas, Uber Technologies (UBER) saw its shares fall 7.6% in their highly anticipated initial public offering. In Asia Pacific, the plight of one of Japan’s leading phone display manufacturers continued to worsen. In Europe, Osram Licht AG (OSR GY) shares buck trend after a possible Bain-Carlyle offer.
Continue reading “From the Securities Lending Trading Desk – Week of May 20th”
BBH was pleased to sponsor the Finadium Investors Securities Lending conference on May 2- 3 in New York City, and represented the industry on several panels. The forum was well attended by Asset Managers, Beneficial Owners, Agent Lenders, Prime Brokers, Hedge Funds, as well as a variety of industry vendors, and provided comprehensive insights on the market trends influencing our industry. Continue reading “Four Takeaways From the 2019 Finadium Investors in Securities Lending Conference”
In the Americas, New Age Beverages Corp. (NBEV) remains a directional focus name. In Asia Pacific, Chinese automobile manufacturer Great Wall Motor Company’s shares slipped. In Europe, securities lending demand for Thomas Cook (TCG LN) increased.
Continue reading “From the Securities Lending Trading Desk – Week of May 6th”
The US economy, driven by a hard-charging stock market, large cash reserves, tax reform, and a relaxed regulatory environment, has fueled an uptick in deal-making in 2019 with no slowdown in sight. Merger activity for Q1 in the US came in at $537.6bn across 2,158 deals*, shattering the previous year’s mark of 518 deals in 2018. Led by Bristol-Myers Squibb’s offer to acquire Celgene for $96.8bn, and Danaher Corps acquisition of GE Biopharma for $21.4Bbn, healthcare accounted for the bulk of the deals followed by technology. The second quarter has been loaded with energy deals most prominently led by Chevron agreeing to buy Anadarko for $33bn.
Continue reading “Many Routes to Successful Lending Returns”
In the Americas, lending demand commenced on the heels of highly anticipated IPOs from Pinterest and Zoom Video. In Asia Pacific, shares in FIH Mobile soared after its major shareholder announced his intention to run for Taiwan’s presidency. In Europe, payment and processing servicer, Wirecard, has been a focus for lending demand following the end of its short sale ban.
Continue reading “From the Securities Lending Trading Desk – Week of April 29th”