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Jan 15, 2013 (Datamonitor via COMTEX) -- eSecLending has announced that The Dow Chemical Company, a supplier of chemical products used as raw materials in the manufacture of customer products and services, has appointed eSecLending to act as securities lending agent for its US pension plan assets.
Gary McGuire, chief investment officer of Dow Chemical stated, "We are very happy with eSecLending's consultative approach and ability to customize our securities lending program to incorporate Dow's specific risk/return profile. As we re-engage in securities lending for the first time in several years, we are pleased to be partnering with an institution whose interests are aligned with ours."
eSecLending's co-CEO, Karen O'Connor stated, "We are thrilled to establish a relationship with a world class organization such as Dow Chemical and further expand the breadth and depth of our pension client base. We are committed to delivering Dow a premier lending solution that meets their individual program objectives."
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As of Friday, 01-11-2013 23:59, the latest Comtex SmarTrendA? Alert,
an automated pattern recognition system, indicated an UPTREND on
05-29-2012 for DOW @ $31.83.
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provider or go to www.mysmartrend.com
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