Sec-lending tipped for Q1 growth in Malaysia

Global custodians and local brokers are increasingly looking to provide securities financing services in Malaysia following regulatory relaxation on borrowing and lending stocks over the counter. Last month Citi became the second international bank to offer such borrowing and lending services after JPMorgan, the first to enter the market this June. Meanwhile local investment bank CIMB has been investing in its sec-lending servicing, with a new delta-one desk spawning a need for …