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.
Tag: prime brokerage
Capital introduction teams have downsized significantly over the years as banks look to shift resources to more revenue-driving services.
New York event will see Prime Brokerage, Hedge Fund and Private Equity Fund Administration and Editors' choice awards handed out, along with individual and innovation honours.
Prime brokers are now stepping up their due diligence of hedge funds, becoming more forensic when looking to bring a hedge fund onto their balance sheet.
The lawsuit accused the six banks and their prime brokerage divisions had colluding to ‘boycott’ an electronic securities lending trading platform.
The c0-head of Citi’s Americas prime finance business has left after two years with the US bank.
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.