Northern Trust, Deutsche Bank In Custodian-Prime Broker Agreement

Aug 11 2010 | 9:13am ET

Northern Trust has entered into an alliance with Deutsche Bank that will give the firm’s hedge fund clients access to Deutsche Bank’s prime brokerage while keeping their assets safely segregated.

Northern Trust’s prime custody clients will now have two options for the securities finance needs: The firm struck a similar deal with Merlin Securities last year.

Deutsche Bank last year launched a platform that allows clients to segregate their assets and keep them with a custodian. Many other prominent prime brokers have done likewise, seeking to allay investor fears following the impounding of prime brokerage assets after the collapse of Lehman Brothers. A British judge has ruled that Lehman failed to properly segregate client assets.


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of