Deutsche Bank wins Kentucky mandate 28 September 2011New York Reporter: Anna Reitman
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Deutsche Bank has announced that its Trust and Securities Services division has won a mandate to provide securities lending services for the Office of Financial Management(OFM) of the government of Kentucky.
Tim Smollen, global head of agency lending, Global Transaction Banking at Deutsche Bank says, “We look forward to an enduring partnership with OFM. Our approach addresses the evolving needs of investors who are demanding greater sophistication and transparency from their providers.”
OFM is a long-time participant in securities lending on a third party basis.
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