Fillmore Advisors will become part of the recently-established prime brokerage division at INTL FCStone, as it looks to expand on outsourced trading for hedge funds.
Deutsche Bank revealed its significant business transformation and restructuring plans, including a targeted reduction in adjusted costs of around €6 billion by 2022.
The investment bank has seen increased profits from the business following a programme of optimising and rationalising its prime brokerage balance sheet.
The prime broker continues to add to its growing roster with the addition of Morgan Stanley's former client coverage COO.
Lisa Dolly announces intentions to step down as CEO of Pershing after more than three years in the role.
Credit Suisse stated it has seen increased profits following its programme of optimising and rationalising its prime brokerage balance sheet.
The service will also cover multi-asset execution, outsourced trading and introducing clearing services for hedge funds, mutual funds and family offices.
The review will include a potential uplift of operations for client on-boarding, asset servicing, collateral management and settlement processes.