CHICAGO, IL -- (Marketwired) -- 06/28/13 -- BMO Global Asset Management today announced the expansion of its Securities Lending Group with the addition of LJ Jhangiani as a Director, Senior Securities Lender/Trader. Based in Chicago, Jhangiani will be responsible for the control and coordination of the securities lending trading desk and trading/lending within client portfolios.
With more than 20 years of securities lending experience, Jhangiani's previous roles include Portfolio Manager, Chief Operating Officer and Vice President of Global Securities Lending at several leading organizations. He earned a Bachelor of Science degree in Marketing from Northern Illinois University and his MBA from New York University's Stern School of Business.
"Our institutional clients are looking for expertise and personalized strategies, and that is exactly what LJ brings to our team," said Peter Arts, Managing Director, Head of Taxable Short Fixed Income, BMO Global Asset Management. Arts, who oversees the securities lenders at BMO, added that, "LJ's solid focus on providing an exceptional client experience will further build on our efforts to provide world-class service while enhancing returns for our clients' portfolios."
BMO's securities lending program strategically focuses on taking full advantage of the lendable assets in client portfolios. This includes the use of intrinsic value and general collateral lending. As part of their highly disciplined process, the securities lending team seeks to carefully manage risk, particularly by actively mitigating exposure to both borrower default and collateral investment risks.
The majority of BMO's securities lending clients have lendable assets in excess of $100 million. As of May 31, 2013, the program had a lendable asset base of $13.3 billion, with more than $4.3 billion in securities on loan and an average utilization rate of 32%.
For more information, please visit http://www.bmo.com/gamus.
About BMO Global Asset Management
BMO Global Asset Management is a global investment manager with more than $125 billion in assets under management as of April 30, 2013, including discretionary and non-discretionary assets under management.
Our two multi-disciplined teams are based in Toronto and Chicago/Milwaukee, and our network of world-class boutique managers is strategically located across the globe. They include Monegy, Inc., Pyrford International Ltd., Lloyd George Management and Taplin, Canida & Habacht, LLC. BMO Global Asset Management delivers service excellence from offices throughout North America, and in London, Abu Dhabi, Mumbai, Beijing, Shanghai and Hong Kong. Our approach has led us to be recognized by Pension & Investments as one of the world's largest 100 asset managers based on combined assets under management as of December 31, 2012.
We are a part of BMO Financial Group (NYSE: BMO), a fully diversified financial services organization with $555 billion total assets and more than 46,000 employees as of April 30, 2013.
BMO Securities Lending is a part of BMO Global Asset Management and represents the securities lending services provided by BMO Harris Bank N.A., offering products and services through various affiliates of BMO Financial Group.
BMO Global Asset Management is the brand name for various affiliated entities of BMO Financial Group that provide investment management, retirement plan services, and trust and custody. Certain of the products and services offered under the brand name BMO Global Asset Management are designed specifically for various categories of investors in a number of different countries and regions. Products and services are only offered to such investors in those countries and regions in accordance with applicable laws and regulations. BMO Financial Group is a service mark of Bank of Montreal (BMO).
Investment products are: Not FDIC Insured | No Bank Guarantee | May Lose Value
©2013 BMO Financial Corp.
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