Maybank Investment Bank taps Broadridge for securities borrowing and lending offering
Malaysia’s Maybank Investment Bank has tapped Broadridge Financial Solutions to create and launch a proprietary technology for its securities borrowing and lending (SBL) business.
Maybank Investment Bank partners with Broadridge
With Broadridge’s Securities Finance and Collateral Management (SFCM) solution, Maybank IB has been able to launch a new SBL offering for its institutional investors.
The platform, which is “fast, transparent and Shariah-compliant”, claims to better the customer experience and offer better cost management through automation and straight-through processing (STP) functionalities, as well as scalable to other regions.
“The combined expertise of Broadridge and Maybank IB resulted in a comprehensive end-to-end platform with trading capabilities, operational efficiency and connectivity,” comments Tengku Ariff Azhar, Maybank Investment Bank’s chief operating officer.
“This partnership enabled us to swiftly bring this product to market while adhering to the regulatory framework provided by Bursa Malaysia. We target to be the first in Malaysia to offer Shariah-compliant SBL for retail investors next year.”
Maybank IB is part of Maybank Investment Banking Group, the wholly-owned investment banking arm of Maybank, Southeast Asia’s fourth-largest bank by assets. With a 50-year presence, some of Maybank IB’s services include debt advisory and arrangement via bonds/sukuk, corporate finance, equity capital markets, and merger and acquisition advisory.
