Cantor Fitzgerald has beefed up its prime brokerage team over the past six months, following the hire of Jon Yalmokas in September to lead the unit.
Tag: prime brokerage
Prime brokerage was one of the top revenue fallers for Deutsche Bank in 2017, due to its balance sheet-intensive nature and has over the years made major cuts with certain hedge fund clients.
Deutsche Bank’s plans will include a significant reduction in its headcount across the US and Asia.
The new role will include oversight of Credit Suisse' capital introduction, client services and prime consulting businesses.
The cuts were sparked by the departure of Indrajit Bardhan, Credit Suisse’s former global head of prime services, last month.
Hedge fund expert joins Deutsche Bank's European prime brokerage team.
BNP Paribas was among the top banks that recorded a boost in earnings for equities and prime brokerage during 2017.
Credit Suisse will expand responsibilities of its current head of Americas equities to include global prime services.
The study explained outdated systems used by clearing banks and prime brokers are not fit for purpose for today’s current regulatory environment.
The custodian bank is looking to allow its clients to access a new source of much-needed liquidity in the FX space.