BNP Paribas Securities Services expands front-to-back offering to hedge funds
Global custodians are increasingly seeking to evolve their business models, which have traditionally centred on the back-office, to include front-office services.
Global custodians are increasingly seeking to evolve their business models, which have traditionally centred on the back-office, to include front-office services.
Deutsche Bank revealed its significant business transformation and restructuring plans, including a targeted reduction in adjusted costs of around €6 billion by 2022.
As traditional fund administration services become commoditised it is no longer an accurate comparison factor between providers, according to new research.
The investment bank has seen increased profits from the business following a programme of optimising and rationalising its prime brokerage balance sheet.
Hedge funds enquiring about State Street’s new front-to-back offerings as the custodian and fund administrator begins reaping rewards of Charles River deal.
The prime broker continues to add to its growing roster with the addition of Morgan Stanley's former client coverage COO.
Credit Suisse stated it has seen increased profits following its programme of optimising and rationalising its prime brokerage balance sheet.
The service will also cover multi-asset execution, outsourced trading and introducing clearing services for hedge funds, mutual funds and family offices.
The review will include a potential uplift of operations for client on-boarding, asset servicing, collateral management and settlement processes.