Mitsubishi UFJ and Banking’s GSLS establish sec lending partnership with Fort Washington Investment Advisors
24 January 2023 US
Image: SeanPavonePhoto Mitsubishi UFJ Trust and Banking’s (MUTB) Global Securities Lending Solutions group (GSLS) has entered into a securities lending cash management partnership with Ohio-based Fort Washington Investment Advisors (FWIA).
Fort Washington is the investment arm of Western & Southern, a financial services company and life insurance group.
As part of the mandate, FWIA will be MUTB’s preferred provider for clients that also seek a separate managed account for their cash raised through the MUTB securities lending programme.
The partnership follows MUTB’s 2021 existing mandate with FWIA to manage a cash collateral investment vehicle.
Anthony Toscano, head of GSLS in the Americas, comments: “We are excited at the prospect of growing our partnership with Fort Washington. Their solutions-oriented approach and – in our view – their unrivaled approach to client focus complements our business philosophy well.”
Maribeth Rahe, president and CEO of Fort Washington, says: “With uncompromised focus and a shared commitment to building trust and greater financial security for our clients, together we are expanding the range of investment solutions available to those we serve.”
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