AXA joins GPFA
18 March 2021 US
Image: stock.adobe.com/dmitrydesigner
Another European asset owner has joined the nascent Global Peer Financing Association (GPFA), bringing the total number of members to 14.
AXA Investment Managers joins the eight-month-old association, whose members now represent a combined $6.5 trillion of assets under management (AUM), and will work with other members to optimise the group鈥檚 securities financing activities.
The four founding members, all pension funds, are Healthcare of Ontario Pension Plan , the California Public Employees' Retirement System, the State of Wisconsin Investment Board and the Ohio Public Employee Retirement System, who combined have nearly $1 trillion AUM.
AXA is the second European based asset owner to join the GPFA, after and brings a lendable asset base of more than 鈧�250 billion to the pool.
AXA鈥檚 head of liquidity Ernst Dolce, who is responsible for ensuring the fund鈥檚 liquidity management team secures adequate funding using securities lending, repo, reverse repo, and collateral transformation, says that joining GPFA鈥檚 鈥渃ommunity of like-minded peers鈥� will streamline the optimisation of excess liquidity and create an opportunity to partner on technology to better serve his clients.
鈥淕PFA is an additional bridge between peers that aligns with our mission,鈥� Dolce says.
鈥淚n the current environment, where there are ongoing changes in regulation relative to the use of derivatives and downward pressures on fee borrow coming from repeated government stimulus and quantitative easing, we see the GPFA as a place where peers will have the opportunity to pool knowledge to better meet our individual goals,鈥� Dolce adds.
GPFA recently created member-led sub-groups in order for members to discuss specific topics important to their businesses, including adoption of technologies, LIBOR and the Uncleared Margin Rules regulatory implementation.
GPFA chair Rob Goobie says that, 鈥渂y sharing best practices and experiences, members can create opportunities that expand a multitude of areas: operational, legal, credit, technology, and across multiple asset classes and investment disciplines鈥�.
AXA Investment Managers joins the eight-month-old association, whose members now represent a combined $6.5 trillion of assets under management (AUM), and will work with other members to optimise the group鈥檚 securities financing activities.
The four founding members, all pension funds, are Healthcare of Ontario Pension Plan , the California Public Employees' Retirement System, the State of Wisconsin Investment Board and the Ohio Public Employee Retirement System, who combined have nearly $1 trillion AUM.
AXA is the second European based asset owner to join the GPFA, after and brings a lendable asset base of more than 鈧�250 billion to the pool.
AXA鈥檚 head of liquidity Ernst Dolce, who is responsible for ensuring the fund鈥檚 liquidity management team secures adequate funding using securities lending, repo, reverse repo, and collateral transformation, says that joining GPFA鈥檚 鈥渃ommunity of like-minded peers鈥� will streamline the optimisation of excess liquidity and create an opportunity to partner on technology to better serve his clients.
鈥淕PFA is an additional bridge between peers that aligns with our mission,鈥� Dolce says.
鈥淚n the current environment, where there are ongoing changes in regulation relative to the use of derivatives and downward pressures on fee borrow coming from repeated government stimulus and quantitative easing, we see the GPFA as a place where peers will have the opportunity to pool knowledge to better meet our individual goals,鈥� Dolce adds.
GPFA recently created member-led sub-groups in order for members to discuss specific topics important to their businesses, including adoption of technologies, LIBOR and the Uncleared Margin Rules regulatory implementation.
GPFA chair Rob Goobie says that, 鈥渂y sharing best practices and experiences, members can create opportunities that expand a multitude of areas: operational, legal, credit, technology, and across multiple asset classes and investment disciplines鈥�.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 网爆吃瓜 Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 网爆吃瓜 Finance Times
