Hedge funds’ 2020 rebound paves upward trend for securities lending desks
The resurgence in short selling and increased performance among hedge funds could pave the way for a profitable year for securities lending desks of banks.
Prime Brokerage
Citi names new co-heads of futures, clearing and FX prime brokerage business
Citi promotes internally to appoint co-heads of futures, OTC clearing, and FX prime brokerage (FCX), while the global head of prime finance has departed.
NatWest Trustee and Depositary Services snaps up former Morgan Stanley European PB exec
UK-headquartered depositary appoints Morgan Stanley executive to lead customer services and operations.
Citi, JP Morgan and State Street invest in FX FinTech firm Capitolis
Capitolis intends to use the funds from this latest investment to further accelerate its technology and product development.
Banks revisit prime brokerage growth strategies as hedge funds bounce back
An asset class rotation among hedge funds could encourage prime brokers to invest significantly in specialising in servicing credit and multi-asset strategies.
Cowen recruits ex-Deutsche Bank prime brokerage veteran for Delta One sales
Cowen recruits Deutsche Bank's former head of prime brokerage Americas sales to bolster global securities finance division.
Prime Brokerage
GC Stories: Vanessa Van Brunt
After serving 10 years as the first female Police Officer in Cranford, NJ, Vanessa Van Brunt made the jump to Wall Street where she held senior roles with Wells Fargo and BlackRock. In this episode, Van Brunt discusses stories from her time in the force where she worked on a variety of undercover assignments, narcotics task forces, and first-responder duty during 9/11 supporting NYPD
Cowen hires prime services veteran to boost sales team
Cowen has hired a former prime services executive from Morgan Stanley, JP Morgan and Cantor Fitzgerald to boost its New York sales team.
BNP Paribas accelerates integration of Deutsche prime brokerage business
With the integration of the Deutsche Bank business, BNP Paribas is aiming to become the top prime broker in Europe and potentially break out as a top four global player.
Leading digital asset platforms make their move into prime brokerage
As digital asset firms look to reach institutional investors, the largest players have realised the need for prime brokerage services and appear to have all made their moves at once.