The global heads of capital introduction at some of the biggest prime brokers have left this year to pursue new ventures.
Tag: prime brokerage
Prime brokers and their capital introduction teams may have to rethink how they operate with new pre-marketing rules set to be enforced.
Deutsche Bank announced in May that it had reduced its balance sheet exposure in prime finance and the rates business by €80 billion.
In January, BNY Mellon announced the launch of a FX prime brokerage service, the first custodian to enter the space. Will this mean a new approach to FX prime brokerage?
FX prime brokerage expert joins State Street in a newly created role from Standard Chartered in London.
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.
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.