MEAG MUNICH ERGO Kapitalanlagegesellschaft, the asset management arm of Munich Re Group, has established triparty links with BNY Mellon and Euroclear to support its securities lending activities. As a lender, MEAG indicates that transitioning to use of triparty collateral management to support its securities lending desk allows the buy-side firm to unlock significant efficiency gains through improved automation, while enabling it to develop additional revenue streams, to expand its business volumes and to reduce operational risk. The project was led within MEAG by head of trading Elke Wenzler and senior fixed income trader Benjamin Flierl. Flierl confirmed to SFT that this project will offer improved flexibility and optimisation to MEAG’s in-house securities lending activities, which are managed as part of its multi-asset trading desk. Financial services and technology consultants BearingPoint advised MEAG during this move to triparty adoption for its securities lending business. BNY Mellon head of clearance and collateral management for international business Gesa Johannsen, commenting on social media, says: “It is good to have MEAG join our triparty platform to extend access to a broad range of borrowers. “Thank you for the partnership and we look forward to connecting you globally to a diverse set of counterparties”
