Tag: prime brokerage

The former global head of prime finance at HSBC has joined London-based alternatives manager Privium as COO.

The GC Legend and Citi's former global head of securities services sales left the bank last month to focus on his new investment firm ALK Capital.

Alex Knight spent 18 years with Citi, most recently heading up global sales and client coverage of the bank’s FX prime brokerage.

The fine was related to failures over BNP Paribas' AML system to identify suspicious penny stock trades and wire transfers over a four year period. 

One of Morgan Stanley's most senior prime brokerage executives will retire at the end of 2019 having led the division since 2009.

The two firms agreed on a deal in principle in July as part of the German bank’s major restructuring and a complete withdrawal from equities trading.

JP Morgan has increased prime brokerage balances by 25% over the year, following near-record levels set across the cash and synthetic businesses.

Standard Chartered hopes the move will boost acceptance of Chinese debt as collateral for its foreign investor clients.  

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. 

Capital introduction teams have downsized significantly over the years as banks look to shift resources to more revenue-driving services.