Maybank Securities and Citi facilitate securities lending for retail investors
18 December 2024 Singapore
Image: monticelllo/stock.adobe.com
Maybank Securities has collaborated with Citi to facilitate the lending of retail clients’ global equity holdings in Singapore.
The collaboration enables clients of Maybank Securities to earn a portion of the fees paid by borrowers of securities and unlock the potential to monetise “otherwise idle assets”.
In addition, it allows Maybank Securities to enhance the investment opportunities available to its retail clients, providing share lending capabilities, the firms say.
The move also marks the introduction of the Citi Securities Lending Access (CSLA) platform in Asia.
Maybank Securities will use its position in Singapore and its ASEAN client base to utilise CSLA. Launched in 2021, CSLA combines Citi’s securities lending platform with technology from Sharegain.
It offers a solution that digitises the entire securities lending lifecycle and democratises the securities lending market, says Citi.
Commenting on the news, Eusebio Sanchez, head of execution services for Japan, Asia North and Australia and Asia South at Citi Securities Services, says: “With CSLA, Citi is enabling a broader base of market participants to reap the benefits of securities lending.
“In addition to benefiting our clients and their underlying customers, the solution gives borrowers access to new pools of untapped securities.”
Alexander Thorhauge, head of retail business at Maybank Securities, adds: “Maybank Securities stands by its commitment to continuously enhance our products and solutions for our clients.
“With the launch of securities lending, our retail clients now have a unique opportunity to generate additional returns from their existing portfolios.”
The collaboration enables clients of Maybank Securities to earn a portion of the fees paid by borrowers of securities and unlock the potential to monetise “otherwise idle assets”.
In addition, it allows Maybank Securities to enhance the investment opportunities available to its retail clients, providing share lending capabilities, the firms say.
The move also marks the introduction of the Citi Securities Lending Access (CSLA) platform in Asia.
Maybank Securities will use its position in Singapore and its ASEAN client base to utilise CSLA. Launched in 2021, CSLA combines Citi’s securities lending platform with technology from Sharegain.
It offers a solution that digitises the entire securities lending lifecycle and democratises the securities lending market, says Citi.
Commenting on the news, Eusebio Sanchez, head of execution services for Japan, Asia North and Australia and Asia South at Citi Securities Services, says: “With CSLA, Citi is enabling a broader base of market participants to reap the benefits of securities lending.
“In addition to benefiting our clients and their underlying customers, the solution gives borrowers access to new pools of untapped securities.”
Alexander Thorhauge, head of retail business at Maybank Securities, adds: “Maybank Securities stands by its commitment to continuously enhance our products and solutions for our clients.
“With the launch of securities lending, our retail clients now have a unique opportunity to generate additional returns from their existing portfolios.”
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