However assets under custody for the French bank fell by 1.3% to €9.3 trillion as a global sell-off in equity markets hit Europe.
Tag: prime services
As Brexit looms, Societe Generale is to open a new base in Paris for clearing of derivatives and OTC products by the end of the year.
Credit Suisse has hired Terry Burke from CME Group as it continues to rebuild its US prime services division.
The French bank has made a number of senior recruitments with a focus on sales for UK and Middle East-based asset and alternative investment managers.
Citi created the PFSS division in 2017 after combining the direct custody and clearing business with investor services
Recent appointments to the business has signalled a boost in its global capabilities and providing a one-stop shop for hedge funds.
BNP Paribas recently announced a major reshuffle to its prime services & financing and global markets team.