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eSecLending and ISS Join Forces to Help Institutional Investors Optimize Securities Lending
eSecLending's New Product, “ProxyValue™” Balances Proxy Voting Responsibilities and Incremental Performance in a Securities Lending Program
BOSTON – January 25, 2012 – eSecLending, a leading global securities lending agent, announced today that it has launched a new service called ProxyValue™, designed to help institutional investors maximize income generated from the lending of securities while ensuring proxy voting fiduciary duties are met.
When participating in securities lending, institutional investors often find it challenging to effectively manage the dual objectives of revenue generation and corporate governance responsibility. ProxyValue™ applies securities lending performance information to proxy voting management, bringing clarity, discipline and simplicity to the process.
Peter Bassler, Managing Director at eSecLending states, “ProxyValue™ continues our commitment to leadership and innovation in the industry. We are excited to work with ISS to deliver a creative solution that will help institutional investors make well informed corporate governance decisions. By providing the tools to evaluate the revenue considerations of recalling shares, ProxyValue™ will bridge the gap between institutional investors’ corporate governance and securities lending strategies.”
Matthew Newman, Vice President for ISS states, “Our clients are continuously seeking ways to efficiently and effectively execute on their proxy voting responsibilities while also maximizing incremental revenue opportunities. ISS is pleased to partner with eSecLending in their goal to help institutions evaluate the economic and fiduciary impact of recalling shares.”
About eSecLending
eSecLending is an independent global securities lending agent providing customized securities lending solutions for institutional investors worldwide. The company’s innovative approach has introduced investment management practices to the securities lending industry, offering beneficial owners a compelling alternative to traditional pooled lending programs. Their differentiated process facilitates best execution by utilizing a transparent, disciplined and repeatable process to determine their clients’ optimal securities lending strategy. In addition to outperformance, the approach provides clients with greater transparency and control, allowing them to more effectively monitor and mitigate risks.
About ISS
ISS, founded in 1985 as Institutional Shareholder Services Inc., is the world's leading provider of proxy advisory and corporate governance solutions to financial market participants. ISS' services include objective proxy research and analysis, end-to-end proxy voting and distribution solutions, turnkey securities class-action claims management, and reliable governance data and modeling tools. More than 1,700 clients rely on ISS' expertise to help them make informed corporate governance decisions. ISS is located in financial centers worldwide and is a subsidiary of MSCI Inc., a leading provider of investment decision support tools to investors globally.
