The review will include a potential uplift of operations for client on-boarding, asset servicing, collateral management and settlement processes.
Hedge funds are concerned a potential cap on synthetic leverage could cause several problems for certain strategies.
JP Morgan’s prime services team surveyed 227 institutional investors with a combined total of $706 billion in hedge fund assets.
Respondents to Deutsche Bank’s Alternative Investment Survey believe Asia is the most sought-after investment region for the first time since 2010.
The New York-based firm is aiming to become the partner of choice for hedge funds that are diversifying their prime brokerage partners.
Also known as Delta One, the synthetic prime brokerage business accounted for nearly half of JP Morgan’s total global prime finance revenue in 2018.
Todd Johnson has previously worked as head of international prime brokerage at Deutsche Bank, and head of European prime brokerage at Citi.
INTL FCStone expanded into the US prime services market at the back-end of last year after it brought on three former senior executives at Cowen Group.
As Brexit looms, Societe Generale is to open a new base in Paris for clearing of derivatives and OTC products by the end of the year.
SS&C’s Bill Stone takes home Lifetime Achievement award as Pershing, Trident Trust, Ultimus, Digital Asset, BNP Paribas and Morgan Stanley all win big.