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.
Earlier this year, BNY Mellon launched a FX prime brokerage service, enabling clients to trade and margin their FX with a global custodian.
The US prime brokerage market as seen a number of new entrants over the years, following an industry-wide descaling of hedge fund clients by the big banks.
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.