J.P. Morgan Launches Securities Lending Services in Malaysia

KUALA LUMPUR, June 12 (Bernama) -- J.P. Morgan Worldwide Securities Services has extended the regional rollout of its securities lending capabilities to Malaysia, making it the first international lender in the Malaysian market to offer a securities lending product. In a statement on Tuesday, J.P. Morgan said it would now be able to offer securities lending solutions to major prime brokers and clients with Malaysian assets, with asset managers and institutional investors benefiting from improved risk-adjusted returns on their securities portfolios containing Malaysian assets. "As lenders demand greater transparency and flexibility across their securities lending programme, J.P. Morgan’s customised solutions allow them to define their own structures to meet their risk/reward requirements with the firm’s comprehensive indemnification programme against borrower default allowing lenders to mitigate counter-party risk across their programme," it said. Shaun Parkes, chief executive officer, Asia ex-Japan & Australia, J.P. Morgan Worldwide Securities Services, said the future for securities lending in Asia-Pacific continued to demonstrate significant potential. "Malaysia represents an important part of our regional growth strategy, and is a key value-add for our institutional client base that is looking to diversify their investments and mitigate their risk," he said. J.P. Morgan is one of the region’s leading providers of securities lending services, offering solutions in Australia, Hong Kong, Japan, New Zealand, Singapore, South Korea, Taiwan and Thailand. -- BERNAMA