ANCHORAGE, Alaska — After nearly 20 years of offering securities lending to custodial agent services for fixed income securities, Alaska USA Trust Co. has added conduit lending services to its lineup.
This new service leverages the trust company's transactional capabilities and was the result of an agreement with LendEX, (www.lendexchnage.com) a newly launched firm backed by former Securities and Exchange Commission Chairman Harvey Pitt and John Tabacco, founder of an online stock tracking company.
Potential LendEX securities lending participants include insurance companies, public and private pension funds, hedge funds, mutual funds, endowments and banks and broker dealers. Alaska USA Trust will provide conduit lending services for these potential participants and their respective counterparties. The trust company, a wholly owned subsidiory of 3.6 billion Alaska USA Federal Credit Union, has more than $7 billion in assets under administration and serves approximately 600 institutional and individual investors.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
