The US custodian says it may look into branching out from its traditional role as an agent lender, although there is no timeline for the move.
Hedge funds are increasingly seeking to borrow securities directly from beneficial owners with the help of agent lenders, say custodians.
The CEO of the Philippine Stock Exchange says the bourse is working closely with the securities regulator and seeing significant progress on various market developments.
The supply of securities is now healthy, particularly in equities, but demand to borrow them remains relatively weak, says the bank’s global head of financing and markets products.
The firm is sharpening its focus on South Asia with the appointment of a new sales head for the region, where it sees securities lending on the rise.
JP Morgan expects the practice of unbundling securities lending from custody to emerge in the Asia-Pacific region.
The custodian has transferred BBH veterans Robert Lees and Richard Meek to Hong Kong to strengthen its securities-lending presence.