AXA Investment Managers joins global peer-to-peer financing association as newest member
With a lendable asset base of more than €250 billion, AXA IM is the second European beneficial owner to join the GPFA.
With a lendable asset base of more than €250 billion, AXA IM is the second European beneficial owner to join the GPFA.
The addition of NBIM continues GPFA’s impressive streak of signing up some of the world’s largest asset owners as member firms.
The new members include CalSTRS, AustralianSuper, and Thrivent Financial, as the new trade body aims to promote peer-to-peer lending among a wider range of firms.
The associations aims to create a more efficient and actionable way to encourage peer-to-peer trading activity in the securities lending and repo markets for the benefit of asset owners.
A study from EY and PASLA found 89% of its members believe securities lending is compatible with ESG principles.
Securities lending experts argue beneficial owners are taking greater ownership over their governance responsibilities and applying these principles to securities lending programmes.
Trade wars, Brexit and central bank actions weighed heavily on hedge funds' securities lending programmes.
IHS Markit has hired the former head of agency lending sales, EMEA at JP Morgan in a new role focusing on services to beneficial owners.