DWS INVESTMENTS SELECTS EQUILEND FOR GERMAN SECURITIES FINANCE TECHNOLOGY SERVICES
New York, NY, 16 June 2008 –EquiLend announced today that DWS Investments, the mutual fund arm of Deutsche Asset Management and the second-largest European mutual fund company, has selected EquiLend’s trading and trade reconciliation services to enhance their securities finance business.
“Choosing EquiLend reflects DWS Investments’ commitment to strengthening automation across its business lines as it aims to mitigate operational risk and achieve greater processing efficiency. EquiLend will help us to maximize the “alpha” generation for our investors in an efficient manner“, says Dirk Bruckmann, Managing Director, DWS Investment GmbH.
“We are very pleased to welcome DWS Investments which further strengthens our German client base. This underscores our ongoing commitment to providing innovative securities finance solutions to the Global Securities Finance marketplace,” says Sharon Walker, Managing Director, EquiLend Europe Ltd.
For further information, contact:
Michelle Lindenberger
+1 212 901 2224
michelle.lindenberger@equilend.com
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About EquiLend
EquiLend is a leading provider of trading services for the securities finance industry. With its robust suite of automated trading tools, EquiLend enables its clients to scale their businesses with great efficiency on a global basis in all securities finance markets. Used by borrowers and lenders throughout the world, the EquiLend platform automates formerly manual trading and post-trade processes. Using EquiLend's complete end-to-end services reduces the risk of potential errors and eliminates the need to maintain costly point-to-point connections while allowing firms to drive down unit costs. Firms can then free more resources to expand their business and grow trading volumes without increasing costs. This makes the EquiLend platform a cost-effective choice for all institutions, regardless of their size.
www.equilend.com
EquiLend LLC and EquiLend Europe Limited are subsidiaries of EquiLend Holdings LLC (collectively, "EquiLend"). EquiLend LLC is a member of the NASD and SIPC. EquiLend Europe Limited is authorized and regulated by the Financial Services Authority. All services offered by EquiLend are offered through EquiLend LLC and EquiLend Europe Limited. EquiLend and the EquiLend mark are protected in the United States and in countries throughout the world.
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