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JP Morgan Brings Securities Lending To Malaysia
Vanessa Doctor
14 June 2012
JP Morgan Worldwide Securities, a division of JPMorgan Chase Bank, has expanded its securities lending capacity to include Malaysia. The firm is the first international lender to offer securities lending in Malaysia, it said in a statement. This allows it to provide solutions to major prime brokers and clients with Malaysian assets, asset managers and institutional investors. "The future for securities lending in Asia Pacific continues 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," said Shaun Parkes, chief executive for Asia ex-Japan & Australia for JP Morgan Worldwide Securities Services. JP Morgan Securities has $17.9 trillion in assets under custody worldwide and $7.3 trillion in funds under administration.