Â鶹´«Ã½

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
≔ Menu
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. Deutsche Bank renews Illinois sec lending service deal
Industry news

Deutsche Bank renews Illinois sec lending service deal


11 April 2018 New York
Reporter: Maddie Saghir

Generic business image for news article
Image: Shutterstock
The Illinois State Treasurer’s Office has renewed an agreement to receive securities lending services from Deutsche Bank, following a competitive request for proposals process.

The renewal follows a 10-year third-party securities lending relationship between the State Treasurer’s Office and Deutsche Bank.

According to Deutsche Bank, the program has outperformed expectations since its inception in 2008.

Tim Smollen, global head of agency securities lending at Deutsche Bank, commented: “We are proud of our decade-long track record of delivering consistent outperformance for the State Treasurer’s Office and we are excited about the opportunity to build on that success.â€

Smollen added: “We’re especially pleased about the positive impact we’ve had on taxpayers and the public entities we serve in Illinois.â€
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Â鶹´«Ã½ Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →