By Maximilian Clarke
J.P. Morgan Worldwide Securities Services recently announced that it achieved its best ranking to date in the 2011 Equity Lending Survey conducted by Global Investor/ISF magazine. J.P. Morgan was named ‘Second Overall Lender’ (weighted and unweighted) as well as top provider in both the ‘EMEA Lender’ (weighted) and ‘Breadth of Supply Emerging Markets’ categories.
The Global Investr/ISF Equity Lending Survey, now in its 16th year, is intended to give a holistic picture of good practice across the global industry. The survey’s results are based on responses from trading counterparts, providing objective assessment and an industry benchmark for high performance.
“We are very proud of our results in this year’s Global Investor/ISF Equity Lending Survey, as they represent our best ranking to date,” said Colin McKechnie, global head of trading services for J.P. Morgan Worldwide Securities Services. “This recognition highlights our continued commitment to offering a full spectrum of industry-leading servicing solutions and products.”
Aaron Woolner , editor for Global Investor/ISF, said, “In this year’s survey, we saw J.P. Morgan achieve a much-improved second place ranking in the overall lenders unweighted category with a score of 83%. In the space of one year its score increased dramatically from 5% to 77%, enough to jump four places from sixth, which was the joint-largest improvement in ranking in the Group One lenders table.”
This recognition is the latest for J.P. Morgan’s Securities Lending business. J.P. Morgan was recently ranked the top securities lending provider among the large global securities lending providers in the 2011 Global Custodian Securities Lending Survey and was the only large global securities lending agent to have ratings above average in all three regions covered by the survey (North America, Europe, Asia-Pacific).