JP Morgan is launching a securities lending programme in Taiwan, the latest in an eventful seven days for the US custodian in the Asia Pacific region.

The service is targeted at investors with Taiwanese securities, including local asset managers and institutional investors and adds to the sub-custody, collateral management and fund administration already offered by the bank in the country.

“We are pleased to be able to offer our securities lending solutions in Taiwan, where we have seen an increasing interest for our securities lending value proposition,” said Shaun Parkes, J.P. Morgan’s head of Worldwide Securities Services for Asia ex-Japan.

“Our clients value J.P. Morgan’s conservative approach and financial strength, which are the backbone of our securities lending solutions.”

JP Morgan was appointed sole provider of custody, clearance and settlement for foreign government bonds by GreTai Securities Market, Taiwan’s over-the-counter exchange, earlier in the month.

J.P. Morgan already provides securities lending facilities in other countries in Asia-Pacific, including Japan and South Korea, and last week announced that it had purchased the custody division of ANZ.

However, the deal between the two banks did not see ANZ’s securities lending business change hands.