Deutsche Prime Brokerage Doubles Asian Assets

Jan 27 2011 | 11:50am ET

Deutsche Bank's big plans for its Asian prime brokerage business are starting to fall into place.

The German bank's share of the Asian market has doubled over the last two years, with the firm now commanding as much as 20% of that market. And the firm, which increased its headcount by more than 20% over the last two years, plans to boost it a further 10% this year.

"Our growth in 2008 and 2009 was a function in the main of risk diversification, especially as people added a second, third prime broker to allay concerns about counterparty exposure," Marlin Naidoo, head of the Asia-Pacific hedge fund capital group, told Reuters. "Since then, our market share has increased in a more organic sense and particularly in light of our heavy emphasis and investment in the start-up area, which paid material dividends in 2010."

Deutsche Bank currently boasts about 70 prime brokerage professionals in the region.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.