JP Morgan hits $500 billion in prime brokerage hedge fund balances
JP Morgan has increased prime brokerage balances by 25% over the year, following near-record levels set across the cash and synthetic businesses.
JP Morgan has increased prime brokerage balances by 25% over the year, following near-record levels set across the cash and synthetic businesses.
A reshuffle of global financial intermediaries sales and relationship management team sees new addition in New York and promotions in Europe.
The platform is designed to help foreign investors, such as asset managers and insurance companies, to set up new investment vehicles in India.
The summer of 2019 featured major organisational changes at some of the top securities services providers. From prime brokerage to custody, here are the top stories from this summer.
The British bank has firmly established itself in the middle ranks of the industry prime brokerage league table.
The New York-based firm is aiming to become the partner of choice for hedge funds that are diversifying their prime brokers.
Deutsche Bank hopes the transition will close by end of this year, but BNP Paribas has said it will likely be completed in its entirety by summer next year.
The new division is the latest in a string of restructuring moves in recent months as Citi looks to streamline its businesses.
Deutsche Bank's top brass signalled it has made progress in the potential transfer of their prime brokerage balances, electronic technology and staff to BNP Paribas.
Neal Pawar will take on the role of chief information officer and join Deutsche Bank's executive committee in early September.