Securities Lending

In a typical securities lending transaction, a client lends securities from its portfolio and receives either cash or non-cash collateral from the borrower. BMO, as securities lending agent, will reinvest cash collateral in securities that qualify as acceptable investments or accept non-cash collateral (when applicable), both in accordance with the client’s investment guidelines.

The client maintains all economic benefits of ownership while the securities are on loan. Loans are subject to termination at the option of the lending client or the borrower.

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Experience matters

With an average of more than 20 years of experience, our team understands the market and what it takes to meet the unique needs of our clients.

Flexibility in customization

We provide our clients with the flexibility, customization, risk management and counter-party indemnification backed by the strength of BMO Financial Group to create a program designed to meet each client’s objectives.

Risk management

Securities lending programs are customized for each client to align with their specific risk tolerance and investment objectives.

Chris Kunkle

Managing Director, Securities Lending

Chris oversees securities lending and is responsible for strategy, management, product development and regulatory guidance. He joined BMO Global Asset Management in 2015. Previously, Chris served as managing director, securities finance at Wells Fargo’s investment bank. Chris’ prior experience also includes senior securities lending management roles with Wachovia, J.P. Morgan, Mellon, Fleet Securities and Bankers Trust Company. Chris holds a B.A. in business administration and finance from Wittenberg University and the FINRA Series 7 and 63 securities licenses. He is a member of the Risk Management Association, where he serves as a senior board member on the executive committee on securities lending.

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John Weasler

Vice President, Securities Lending

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Daniel Hoover

Director of Sales, Securities Lending

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Mary Ann Goebel

Senior Manager of Operations, Securities Lending

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L.J. Jhangiani

Director, Head of Securities Lending Trading

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Behind the curtain: Securities lending in mutual funds

Many mutual funds provide investors the potential for added return by loaning the underlying stocks, bonds and other securities in the fund. The added revenue from these activities can make a difference in a fund’s return, but the concept of securities lending is often misunderstood. Chris Kunkle, Head of Securities Lending at BMO Global Asset Management, joins the podcast to explain securities lending, how it benefits investors and what advisors should know.

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To learn more about BMO Global Asset Management’s securities lending services, contact Daniel R. Hoover:

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