Axelsson led the brokerage's trading and execution business in Hong Kong since 2011.
Following a UK vote to leave the EU, banks are preparing for the expected volatility of European markets.
JP Morgan may look to restructure following Brexit
The move could avoid an in-depth investigation by the UK Competition and Markets Authority (CMA).
Goldman Sachs defends claim in court that the Libyan Investment Authority were aware of the terms of derivatives trades.
New global tech and ops head joins BAML from JP Morgan.
Increased regulation has increased the barriers to entry in prime brokerage, forcing some to scale back their client base.
As buy-side seek out anonymity migration towards agency based platform is set to increase, experts agree.
The firm will provide consultancy services to sell-side firms operating in the cleared derivatives space.
Sale of voice broking business to Tullett Prebon is now subject to level 2 investigation by regulators.