GPFA adds Canadian pension giant OMERS as latest member
OMERS, which manages around $114 billion of assets, has become the seventh Canadian beneficial owner firm to join the buy-side organisation.
OMERS, which manages around $114 billion of assets, has become the seventh Canadian beneficial owner firm to join the buy-side organisation.
With a lendable asset base of more than €250 billion, AXA IM is the second European beneficial owner to join the GPFA.
The new capability is the next step in State Street’s goal to encourage buy-side clients sto participate in peer-to-peer trading activities in the securities finance market.
In the first of a new Friday Q&A segment, GC spoke to BBH's global co-heads of securities lending Thomas Poppey and Marney McCabe on asset manager lending strategies for 2021, the rise of peer-to-peer trading, and how technology is shaping new services.
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.
The peer-to-peer model appears to have turned a corner as global custodians rollout a number of initiatives to encourage end-users to transition.
The platform could serve as a significant boost to State Street’s position as an alternative to the bulge-bracket prime brokers in the securities lending market.