JPMorgan Worldwide Securities Services has been selected by the State of Georgia Office of Treasury and Fiscal Services (OTFS) as lending agent for two portfolios of US fixed income assets managed by OTFS. This is the first securities lending arrangement for OTFS, since the Georgia State Legislature approved the practice last year. JPMorgan Worldwide Securities Services will provide non-custody securities lending services to OTFS, the cash and investment manager for the State of Georgia. “We chose JPMorgan Worldwide Securities Services because of the firm’s experience in securities lending and their approach to lending and market products,” said Stephen J. Caffarelli, Assistant Director of OTFS. “OTFS is confident that JPMorgan Worldwide Securities Services is capable of providing the safety, liquidity and investment income the state needs.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.