Earlier this year, BNY Mellon launched a FX prime brokerage service, enabling clients to trade and margin their FX with a global custodian.
Tag: prime brokerage
The US prime brokerage market as seen a number of new entrants over the years, following an industry-wide descaling of hedge fund clients by the big banks.
The hire will help fill a gap left by its long-time global head of securities finance equity trading, who left the bank in the summer.
It is the latest significant hire for Cantor Fitzgerald as it continues to boost its global prime brokerage offering.
Awards evening on 29th November in New York to honour the best in fund administration, prime brokerage, custody and technology innovation.
Deutsche Bank has also named two new co-heads of prime finance, as it looks to renew business with hedge funds.
Frank Anduiza will lead the sales efforts for BNY Mellon’s hedge fund services business in the US, Canada and Latin America.
BNP Paribas has made a number of senior hires to its prime services division this year, predominantly within sales.
Initial Prime Brokerage Survey results show capital introduction to be the lowest ranked service area, according to hedge fund respondents.