Tag: prime brokerage
Deutsche Bank's former head of prime brokerage Americas sales joins Cowen to bolster global securities finance division.
Marquee Connect project will see Goldman Sachs develop a virtual way for hedge funds to connect with prospective investors.
Brian Fagen had previously spent nine years with Deutsche Bank, and recently joined BNP Paribas following the substantial prime brokerage deal between both banks.
As digital asset firms look to reach institutional investors, the largest players have realised the need for prime brokerage services and appear to have all made their moves at once.
Two new teams focused on client management and electronic coverage have been established at Societe Generale, with HSBC’s Jonathan Green taking a leadership role.
Equities and fixed income financing rose in the first quarter at Goldman Sachs, as hedge funds increase balances.
Market volatility sparked by the COVID-19 pandemic has resulted in a significant increase in prime brokers asking for more collateral from hedge funds.
BNP Paribas CEO Jean-Laurent Bonnafé says Deutsche Bank prime brokerage business transition is proceeding very swiftly, with restructuring costs expected to reach €100 million this year.