The adoption of AccessFintech solution will help the Swiss bank avoid errors in the settlement process and comply with the upcoming settlement discipline regime.
Tag: prime brokerage
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.
The fine was related to failures over BNP Paribas' AML system to identify suspicious penny stock trades and wire transfers over a four year period.
One of Morgan Stanley's most senior prime brokerage executives will retire at the end of 2019 having led the division since 2009.
The two firms agreed on a deal in principle in July as part of the German bank’s major restructuring and a complete withdrawal from equities trading.
JP Morgan has increased prime brokerage balances by 25% over the year, following near-record levels set across the cash and synthetic businesses.
Standard Chartered hopes the move will boost acceptance of Chinese debt as collateral for its foreign investor clients.