Maybank Investment Bank (Maybank IB) has partnered with Broadridge Financial Solutions, a US-based technology solutions provider, to launch a new securities borrowing and lending (SBL) platform for institutional investors.
The front-to back platform is said to be fast, transparent, and Shariah-compliant. It can be integrated with downstream systems for automation and straight-through processing, and it can be scaled to support expansion into other regions.
Maybank IB was recently approved by Bursa Malaysia to facilitate client-driven hedging and risk management activities that comply with Shariah principles.
Darren Crowther, Head of Securities Finance and Collateral Management at Broadridge said,
“We are thrilled to strengthen our partnership with Maybank Investment Bank and jointly deliver our securities lending and borrowing service offering, encompassing multi-custody principal and agency trading models.
In today’s complex global markets, businesses require solutions that enable rapid startup, capture growth opportunities, integrate seamlessly with internal and external systems, meet regulatory obligations, and streamline operations. Broadridge’s SFCM solution empowers firms to navigate these challenges successfully.”
Tengku Ariff Azhar, Chief Operating Officer, Maybank Investment Bank, said
“The combined expertise of Broadridge and Maybank IB resulted in a comprehensive end-to-end platform with trading capabilities, operational efficiency and connectivity.
This partnership enabled us to swiftly bring this product to market while adhering to the regulatory framework provided by Bursa Malaysia. We target to be the first in Malaysia to offer Shariah-compliant SBL for retail investors next year.”
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