BR - AmInvestment Bank Enhances Securities Finance Services with Broadridge to Boost Client Value | Benzinga
SINGAPORE, July 18, 2024 /PRNewswire/ -- To transform and expand their prime brokerage business lines and as part of its broader efforts to add and enhance value for its clientele, AmInvestment Bank, a company in the Ambank Group and one of the largest banking groups in Malaysia, has deployed global Fintech leader Broadridge Financial Solutions, Inc.'s (NYSE:BR) Securities Finance and Collateral Management platform to enable their Securities Borrowing and Lending product offerings. This single platform allows AmInvestment Bank to simplify and innovate trading, manage collateral, and handle trade lifecycle events while integrating seamlessly with their existing systems.
"An increasingly sophisticated and volatile market has made securities finance an important focus of our growing prime brokerage business," said Ms. Tracy Chen Wee Keng, Chief Executive Officer of AmInvestment Bank. "Broadridge's solution has a strong track record for delivering industry-leading systems, which will deliver a better experience for our customers. Additionally, we are now able to manage the operational aspects of securities lending more effectively, within a controlled and scalable environment, setting us up for robust future growth and adaptability to evolving market dynamics."
"We are thrilled to enable AmInvestment Bank to expand their securities finance capabilities in the APAC region," said Darren Crowther, Head of Securities Finance ...