The stalwart of Morgan Stanley's industry-leading prime brokerage business will retire after serving over 30 years with the US firm.
Tag: prime brokerage
The mounting cost of regulation and capital requirements, coupled with the significant drop in new hedge fund launches, could pose an end to the mini-prime broker business.
The firm will begin an orderly wind-down of the business, which is anticipated to take up to 12 months to complete.
Citi aims to capture increased business from existing and prospective hedge fund clients by offering a full coverage of pre- and post-trade services.
The adoption of AccessFintech solution will help the Swiss bank avoid errors in the settlement process and comply with the upcoming settlement discipline regime.
Deutsche Bank’s transition of prime and electronic equities clients to BNP Paribas moves forward after both banks receive approval for the deal.
The former global head of prime finance at HSBC has joined London-based alternatives manager Privium as COO.
From Citi to United: Securities services veteran departs bank with view to purchase Premier League football club
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.