The French bank has created two new global roles in prime brokerage sales and trading, as it looks to significantly expand its capabilities in the business.
Tag: prime brokerage
Paul Marchington, who acted as interim head of prime finance for the region, will continue his role as Citi’s head of investor services sales for APAC.
O'Hara replaces Alain Courbebaisse, who joined Euronext in May as its new chief information and technology officer.
Hamill led HSBC's global prime finance business for over six years, where he oversaw the integration of prime brokerage with its global equities business.
Balance sheet-intensive businesses, such as prime brokerage, have been at the forefront of the bank’s “selective reinvestment” programme.
ING Capital's latest prime brokerage service offers the same functions as a traditional counterpart.
There is still an appetite for prime brokerage despite the numerous challenges it will face in the coming years, according to Societe Generale.
Tier two or ‘mid-tier’ prime brokers are winning a significant number of mandates from hedge funds which have either been exited by bulge bracket primes or who are struggling to be on-boarded by traditional players.