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Summary
2023 produced another year of banner revenues for the securities lending markets. The APAC region played a strong role in generating these revenues despite a number of strong headwinds facing the region’s securities lending markets.
2023 was a year of two halves for APAC markets as the expected bounce in the post COVID recovery of the Chinese economy failed to materialize. As the year progressed, investors repositioned and redeployed capital as a number of markets across the region such as Japan, Taiwan and South Korea started to shine. Securities lending activity in these countries took off and strong revenues were produced. Over 2023 the APAC region produced over $2B of revenues for market participants, an increase of 6% YoY. Please join us as we discuss where these revenues were generated, the outlook for the region throughout 2024 and our predictions for the bright spots within the region throughout this new year. To help with our analysis we are delighted to welcome Stephen Howard, CEO of the Pan Asia Securities Lending Association (PASLA). Stephen will be sharing his thoughts and perspectives on the region, and he will be discussing what delegates can expect to hear about at the upcoming PASLA conference in Singapore on the 5-7th March 2024.
Speaker
Stephen Howard
Pan Asia Securities Lending Association (PASLA)
CEO
Stephen is the Chief Executive Officer of the Pan Asian Securities Lending Association. Established in 1995 the association is an advocate for and has been focused on developing the market structure for institutions that conduct borrowing and lending in securities, or derivatives, enabling them to drive their business activity across all regional jurisdictions.
Stephen is the Chief Executive Officer of the Pan Asian Securities Lending Association. Established in 1995 the association is an advocate for and has been focused on developing the market structure for institutions that conduct borrowing and lending in securities, or derivatives, enabling them to drive their business activity across all regional jurisdictions.
He brings to bear over 28 years trading and management oversight experience across sell and buy-side businesses for major US, European Banks and a Hong Kong based Hedge Fund.
Stephen is a former senior markets executive and responsible officer with board-level experience for Hong Kong Regulated Banking entities. Previously a Board Advisor to the Sydney Stock Exchange, an Expert Witness and Non-Executive Director for a Hong Kong NGO.
S&P Global Market Intelligence
Matt Chessum
S&P Global Market Intelligence
Executive Director, Equity Analytic Products (EAP)
Matt Chessum is an executive director within the Equity Analytic products team at S&P Global Market Intelligence and is responsible for the EMEA and US Product Specialist teams, market commentary, thought leadership and media relations. Previously, Matt was an Investment Director at aberdeen asset management where his main responsibilities included overseeing the securities lending activity and the management of GBP denominated Money Market mandates.
Matt is a former member of the Bank of England's securities lending committee and a former board member of the International Securities Lending Association (ISLA).
Event Support