Deutsche Bank’s New York agency securities lending team has transacted its first two ESG off balance sheet investments. The trades, which amounted to USD550m, were transacted on behalf of two of the bank’s U.S. based state pension fund clients which aimed to demonstrate their commitment to tackling climate change, ensuring gender diversity, better working conditions and holding companies accountable for corporate governance performance. These repos represent the first such transactions executed with the underlying market counterparts, as well as the first such transaction on BNY Mellon’s collateral management platform.
