Deutsche Bank Wins Kentucky SecLend Mandate

Deutsche Bank says it has won a mandate to provide securities lending services for the Commonwealth of Kentucky, Finance and Administration Cabinet - Office of Financial Management (OFM) based in Frankfort, Kentucky. Securities lending, we are reminded, generates incremental revenue in a secure way, which facilitates OFM’s mission of creating financial value for the Commonwealth of Kentucky. OFM is a long-time participant in securities lending on a non-custodial (third-party) basis.

“Deutsche Bank offers financial strength, access to a seasoned management team and real-time technology,” said Dwight Price, head of fixed income, trading and risk management for OFM. “The bank was able to clearly differentiate itself as a manager based on its track record and ability to customise a programme for us.”