Citi and Maybank Securities collaborate to offer global securities lending to Singapore retail investors

This collaboration marks the introduction of Citi Securities Lending Access in Asia

CITI and Maybank Securities announced on Wednesday (Dec 18) that they will be working to facilitate the lending of retail clients’ global equity holdings together using Citi’s platform.

From this venture, clients of Maybank Securities will be able to earn a portion of the fees paid by borrowers of securities, thereby unlocking the potential to monetise otherwise idle assets.

“With the launch of securities lending, our retail clients now have a unique opportunity to generate additional returns from their existing portfolios,” said Alexander Thorhauge, head of Retail Business at Maybank Securities.

Maybank Securities will leverage its large client base in South-east Asia to utilise the Citi Securities Lending Access (CSLA) platform.

This collaboration between Maybank Securities and Citi marks the introduction of CSLA in Asia.

Launched in 2021, CSLA combines Citi’s securities lending platform with technology from investment service Sharegain. Citi was the first global bank to work with Sharegain, offering a solution that digitises the entire securities lending lifecycle and democratises the securities lending market.

“With CSLA, Citi is enabling a broader base of market participants to reap the benefits of securities lending,” said Eusebio Sanchez, head of execution services for Japan, North Asia and Australia and South Asia at Citi Securities Services.

“In addition to benefiting our clients and their underlying customers, the solution gives borrowers access to new pools of untapped securities.”

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