02 November 2015
Reporter: Drew Nicol

State Street wins sec lending mandate with ARCO

State Street has been appointed by ARCO to provide securities lending services.

ARCO, an Italian closed pension fund, chose State Street as part of its compliance with guidelines outlined earlier this year by the Italian pension fund regulator, the Commissione Di Vigilanza Sui Fondi Pensione.

The guidelines established the option of direct securities lending as an additional resource to help pension funds optimise the oversight of their investment management activities.

Massimo Malavasi, general manager of ARCO, said: “Partnering with State Street will give us the option of using direct securities lending as an additional solution meant to support the optimisation of the investment management activities for the fund.”

“Their security lending services will also enable ARCO to get returns, which could be partially used to cover current investment management control and advisory expenses, as well as support and develop the finance department of the pension fund.”

Riccardo Lamanna, head of State Street in Italy, added: “Our experience with servicing pension funds means we can offer an integrated platform, with the ability to add further services when required.”

More mandate news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
RBC expands agent lender client base
28 November 2017 | Toronto | Reporter: Drew Nicol
RBC Investor and Treasury Services has been appointed to act as an agent lender for two new asset managers in Canada and Sweden.
Pension fund mandate for BNP Paribas
22 September 2017 | London | Reporter: Drew Nicol
BNP Paribas has been appointed to provide global custody for £3 billion in pension fund assets for the West Sussex Pension Fund
Lombard Risk dominates Canada with new mandate win
18 July 2017 | London | Reporter: Drew Nicol
Lombard Risk Management has tightened its grip on the Canadian banking market with another major bank signed up to its flagship Colline collateral management solution
Mirae Asset Securities chooses BNP Paribas for global custody
12 July 2017 | New York | Reporter: Mark Dugdale
BNP Paribas will provide the US broker-dealer and subsidiary of Mirae Asset Financial Group with global custody services in the Americas, Europe and Asia
Italian pension fund Fondo Pensione Prevedi has selected BNP Paribas Securities Services to provide it with securities lending services
LGPS board releases transparency code for managers
22 May 2017 | London | Reporter: Drew Nicol
Asset managers looking to claim mandates from the LGPS pooling initiative can now sign up to a new fee transparency code ahead of the April 2018 deadline
SS&C wins expanded Acadian mandate
17 May 2017 | Connecticut | Reporter: Drew Nicol
Acadian Asset Management cites collateral management and accounting expertise as key to SS&C mandate