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 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.”
Ms. Tracy Chen Wee Keng, Chief Executive Officer of AmInvestment Bank, said:
“An increasingly sophisticated and volatile market has made securities finance an important focus of our growing prime brokerage business. 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.”
Darren Crowther, Head of Securities Finance and Collateral Management Solutions at Broadridge, said:
“We are thrilled to enable AmInvestment Bank to expand their securities finance capabilities in the APAC region. The financial landscape is rapidly evolving, and our Securities Financing and Collateral Management platform is designed to help forward-thinking institutions like AmInvestment Bank stay ahead in the market. This implementation is particularly significant as it addresses the growing need for sophisticated financial solutions amidst the opening of emerging markets and evolving stock lending agreements.”
Broadridge simplifies and innovates trading across “a complex ecosystem through global, scalable solutions.”
The Securities Financing and Collateral Management platform is “a functionally rich, front-to-back SaaS solution for securities finance, used widely across the global buy- and sell-side securities lending, repo, and collateral trading markets.”
This innovative solution gives firms the ability “to improve their existing securities finance businesses and expand into new global markets and opportunities, with a core foundation that is fully scalable for business growth.”
As noted in the update, AmInvestment Bank, “the investment banking arm of the AmBank Group, offers a comprehensive range of investment services, products, and solutions tailored to meet the diverse needs of our corporate, retail, and institutional clients.”
Their offerings include corporate finance and mergers and acquisitions advisory, “equity capital markets fundraising, debt and Sukuk capital markets services, and stockbroking.”
They also provide fund management services “through our private banking department and our fund management arm, AmInvest, the brand name used by our subsidiaries, AmFunds Management Berhad and AmIslamic Funds Management Berhad. AmInvestment Bank is dedicated to delivering superior investment performance and innovative financial products and services.”