The firms have entered into a prime brokerage services referral partnership, where clients will be offered multi-asset class custody and securities lending capabilities
Mark Whipple, global head of securities lending at Invesco, will chair the newly created board of directors, following the association’s recent expansion into the US
The global securities finance industry has faced a 20 per cent YoY decline in revenue for April 2024, generating US$846 million for lenders, according to DataLend
