JP Morgan Settles Security Lending Transaction in Brazil
JP Morgan Worldwide Securities Services (WSS) has executed and settled a securities lending transaction in the Brazilian market. In doing so, JP Morgan has become one of the first non-domestic agent lender to complete a loan transaction in Brazil.
“As Brazil is a complex market, we have been involved in due diligence for quite some time and we are very pleased to now be able to enter such an exciting market,” said Judy Polzer, global head of securities lending product at JP Morgan. “This development underscores our commitment to offering global access to our client base and to building upon our history as a leader in emerging markets.”