Glossary | Securities Finance Times

Leading the Way

Global Securities Finance News and Commentary

Glossary

Beneficial Owner

The true owner of a security, who receives the benefits of ownership even though the title may be held in another name.

Beneficial Owner News

Industry
ISLA welcomes AustralianSuper as new member

AustralianSuper is one of Australia’s largest superannuation funds and one of the largest pension funds in the world

People moves
Daniels joins Advanced Securities Consulting

Based in Pittsburgh, Tom Daniels will report directly to Ed Blount, founder and CEO of Advanced Securities Consulting

Industry
GPFA introduces Cbus Super Fund as new member

Cbus Super Fund is an Australian superannuation fund which provides for workers in construction, building and allied industries

Industry
GPFA introduces NZ Super Fund as new member

The Global Peer Financing Association brings together beneficial owner members with the goal of encouraging the development of a more effective and transparent marketplace for securities financing activities

Industry
GPFA welcomes BCI to member community

According to the Association, adding BCI “completes the representation from the largest pension plans in Canada”, a group informally known as the Maple 8

People moves
eSecLending hires Reeder

Ben Reeder joins the firm from EquiLend and will serve as vice president of trading

People moves
GPFA appoints Cherie Jeffries as US regional lead

Cherie Jeffries, director of fixed income trading at the State Board of Administration of Florida, has joined the Global Peer Financing Association following years of close collaboration with the association’s board

Regulation
IMN: T+1 implementation could lead to more trade breaks and settlement fails

As a key topic highlighted on a number of sessions at this week’s IMN conference, panellists reflected on the implications of a shorter settlement cycle and compressed time periods for returns and recalls