Hauck & Aufhäuser Privatbankiers (Hauck & Aufhäuser) has signed a license agreement for Comyno’s C-One securities financing platform to expand its securities financing offering.
The license will be administered at Hauck & Aufhäuser Frankfurt and Luxembourg in various departments and business lines of the bank, including asset management.
According to Hauck & Aufhäuser, the addition of Comyno’s platform will enhance their strategic target operating model and also meet regulatory requirements for securities financing transactions.
Christian Ruffert, Head of Treasury at Hauck & Aufhäuser, said: “We have already been able to grow our counterparty and customer base alongside our business volume. With the start of the implementation of the Comynos C-One platform, another important milestone has been reached.
He added: “Comyno has unique knowledge of the securities finance space, with its platform spanning the entire value chain.”
Markus Buettner, Founder and Director of Comyno, said: “It is very exciting to work with such a professional team at Hauck & Aufhäuser and to watch them grow into a respected market player in the area of securities finance.”
A full interview with Chris Rüffert and Markus Buettner will be available in the next issue of Securities Lending Times on Tuesday, November 13.