Banks expanding Asia sec-lending operations

Moves by Deutsche Bank and JP Morgan to extend securities lending in Asia underline a push to make a service previously reserved for hedge funds available more broadly to asset owners seeking to boost returns in a low-yield world. As of last year, the market value of securities available for lending globally was estimated at $10 trillion, and demand for securities on loan across equity and fixed income around $1.5 trillion. Yet Asia’s share of the global sec-lending pot remains …