JP Morgan expects the practice of unbundling securities lending from custody to emerge in the Asia-Pacific region.
Tag : worldwide securities services
Thomas DuCharme has left Deutsche Bank to run JP Morgan's treasury and securities services team in Asia-Pacific, while Laurence Bailey of its sec-services division is due to retire.
Sandie OÆConnor of JP Morgan is positive on the prospects for collateral management, securities lending and transition management, despite a third-quarter drop in revenue for the bank's worldwide securities services unit.
The US bank's acquisition of ANZ's custody business will give it a local sub-custody presence in Australia and New Zealand, and a large share of the master custody market.