Hauck & Aufhäuser to licence Comyno's platform 07 November 2018Frankfurt Reporter: Jenna Lomax
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Hauck & Aufhäuser Privatbankiers (Hauck & Aufhäuser) has signed an agreement to licence Comyno's C-One securities finance platform to expand its securities finance offering.
The license will be administered to Hauck & Aufhäuser Frankfurt and Luxembourg across various departments and business lines of the bank, including asset management.
According to Hauck & Aufhäuser, the addition of Comyno’s platform will enhance their strategic target operating model, and also support Securities Finance Transaction Regulation requirements.
Christian Ruffert, head of treasury at Hauck & Aufhäuser, said: “We were already able to grow our counterparty and client base alongside our business volume. With the start of the implementation of Comynos C-One platform, another major milestone has been reached.”
He added: “Comyno has a unique knowledge of the securities finance space, with their platform covering the complete value chain.”
Markus Buettner, founder and director of Comyno, commented: “It is very exciting to work with such a professional team at Hauck & Aufhäuser and see them grow to become a respected market player in the field of securities finance.”
A full interview with Chris Rüffert and Markus Buettner will be available in the next issue of Securities Lending Times out on Tuesday 13 November.
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