CSOP selects Citi’s agency sec lending product
26 April 2019 Hong Kong
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Hong Kong’s CSOP Asset Management has chosen Citi’s agency securities lending product to drive higher returns on idle asset holdings.
According to Citi, the partnership highlights the growing interest in the asset management industry to include securities lending as an additional income driver.
Asia continues to provide high returns for securities lending participants, and the segment has grown in the last five years as the asset management industry has expanded.
Chen Ding, CEO of CSOP Asset Management, said: “Securities lending is a natural evolution for CSOP Asset Management as we look to enhance the returns on the assets held within our fund structures for investors. The partnership with Citi Agency Lending is a key step in assisting us with that goal.”
David Russell, head of prime, futures and securities services for Asia and Hong Kong head of Markets at Citi, commented: “This partnership is a testimony to the growth of securities lending in the investment management space. We are delighted CSOP Asset Management has chosen Citi to help them achieve higher returns for their funds.”
According to Citi, the partnership highlights the growing interest in the asset management industry to include securities lending as an additional income driver.
Asia continues to provide high returns for securities lending participants, and the segment has grown in the last five years as the asset management industry has expanded.
Chen Ding, CEO of CSOP Asset Management, said: “Securities lending is a natural evolution for CSOP Asset Management as we look to enhance the returns on the assets held within our fund structures for investors. The partnership with Citi Agency Lending is a key step in assisting us with that goal.”
David Russell, head of prime, futures and securities services for Asia and Hong Kong head of Markets at Citi, commented: “This partnership is a testimony to the growth of securities lending in the investment management space. We are delighted CSOP Asset Management has chosen Citi to help them achieve higher returns for their funds.”
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