The International Securities Lending Association (ISLA) Americas has seen a wave of new members joining its ranks in recent weeks, strengthening its presence in the region’s securities lending market, reports Securities Finance Times.
Among the latest additions is Charles Schwab, a Texas-based investment services firm recognised as one of the largest discount securities dealers in the United States. Another newcomer, fintech giant FIS, specialises in banking and capital markets solutions, offering technology-driven services to financial institutions worldwide.
Boston-based Fidelity Investments has also joined ISLA Americas. The multinational financial services corporation operates as a brokerage firm, manages a broad portfolio of mutual funds, and provides securities execution and clearance services. Additionally, BNY has become a member. The global financial services firm is a major provider of asset management, custody, and securities services, along with pension plan management.
ISLA Americas, which was incorporated as a non-profit industry association in May 2024, represents securities lending agents, borrowers, beneficial owners, institutional investors, and other market participants across the region. The association has hinted at further membership announcements in the coming days.
