Deutsche Bank has also named two new co-heads of prime finance, as it looks to renew business with hedge funds.
Increasingly complicated portfolios require more third-party providers including prime brokers, swaps providers and banks, says COO.
Initial Prime Brokerage Survey results show capital introduction to be the lowest ranked service area, according to hedge fund respondents.
The global heads of capital introduction at some of the biggest prime brokers have left this year to pursue new ventures.
Unconventional investments top traditional hedge fund strategies for first time, finds Credit Suisse
The survey found demand is being driven by a desire for customisation and transparency by allocators and other hedge fund investors.
Prime brokers and their capital introduction teams may have to rethink how they operate with new pre-marketing rules set to be enforced.
Deutsche Bank announced in May that it had reduced its balance sheet exposure in prime finance and the rates business by €80 billion.
In January, BNY Mellon announced the launch of a FX prime brokerage service, the first custodian to enter the space. Will this mean a new approach to FX prime brokerage?
FX prime brokerage expert joins State Street in a newly created role from Standard Chartered in London.
Deutsche Bank plans to double-down its efforts for its most profitable clients, expanding the hedge fund focus on its senior equities team.