Sales teams across prime finance and the futures, clearing and FX prime brokerage will be merged alongside the new appointment.
Tag: prime services
The Singapore-based bank will combine and align its custody and post-trade operations with the portfolio risk management and prime finance businesses.
Wells Fargo has unveiled its new prime trade service group with access to high- and low-touch outsourced trading functions, coupling it with other prime services.
Former global co-head of FX trading moves to a new senior role for selling prime, futures and securities services.
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.
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.