Products October 22, 2013

ING U.S. Launches Education Campaign

It’s National Save for Retirement Week, and ING U.S. is using the event to promote a multimedia customer education campaign ending October 26.
Reported by

Dubbed the 2013 “Get Ready” campaign, organizers hope to use the event to educate clients on where they might be in the march towards retirement readiness and what resources are available to help improve investing and saving habits.

ING will also engage non-participants about the potential benefits of the employer-sponsored retirement plans they are opting out of using.

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Other goals include working with active participants to evaluate current savings strategies and identify positive changes within existing accounts. Clients will also have the chance to learn more about ING’s suite of online financial advisory tools.

Plan sponsors and advisers can access the material by contacting their local ING client service representatives.
Products October 22, 2013

BNY Mellon, CIBC Mellon Merge Securities Lending Desks

BNY Mellon and CIBC Mellon, the bank’s joint venture with Canadian Imperial Bank of Commerce, have merged the firms’ respective securities lending desks.
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Under the new arrangement, the merged securities lending team hopes to bring BNY Mellon’s global markets perspective to CIBC Mellon clients. In turn, CIBC Mellon’s experience in the Canadian markets will be made available to BNY Mellon clients, bringing the potential for improved returns on Canadian securities.

Additionally, a full suite of Workbench daily client reporting tools is now available to CIBC Mellon clients.

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Effective immediately, the desk integration is aimed at expanding global trading service levels and enhancing coverage for the banks’ securities finance business clients. The merged securities lending desk staff works out of New York, Pittsburgh, Toronto, London and Hong Kong.

Rob Ferguson, senior vice president of capital markets for CIBC Mellon, said the alignment of the banks’ trading desk teams comes after years of close collaboration and coordination. 

As part of BNY Mellon’s global collateral services division, the securities finance business encompasses more than $2.5 trillion in lendable assets and outstanding loan balances of approximately $250 billion. CIBC Mellon’s securities lending program manages about $485 billion in lendable assets with just over $58 billion on loan.

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