Monday, 29 December 2014
Last updated 2 hours ago
Jun 22 2011 | 9:33am ET
JPMorgan Chase has opened a full-service prime brokerage business in Europe—and is now eyeing Asia for its next big move.
The New York-based firm launched the business today, after establishing a separate legal entity in the U.K., necessary for it to offer a full range of prime services, the Financial Times reports. JPMorgan has also hired about a dozen senior employees for the business over the past year.
“We realize how critical this service is for the hedge fund community,” Sandie O’Conner, global head of prime services, told the FT.
JPMorgan entered the prime brokerage industry in earnest three years ago when it purchased Bear Stearns’ platform, which was focused on the U.S. Jes Staley, who heads JPMorgan’s investment bank, said that the firm has not stopped investing in the prime brokerage since it was acquired in 2008.
The firm still plans to expand its prime brokerage services to Asia, possibly later this year, according to the FT.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.