Friday, 24 October 2014
Last updated 9 hours ago
May 15 2012 | 12:35pm ET
Fresh from the successful launch of its full-service prime brokerage business in Europe last year, JPMorgan Chase is planning to expand into Asia.
The bank, reeling from US$2 billion in trading losses, plans to roll out a full-service Asia prime brokerage within the next 12 months, Financial News reports. The new business will follow in the footsteps of JPMorgan's Europe, Middle East and Africa prime brokerage in employing a prime custody hybrid model.
JPMorgan opened its European prime brokerage in June of last year, adding prime custody services towards the end of the year. The bank entered the prime brokerage business in earnest three years ago, when it bought Bear Stearns' U.S.-focused platform.
The move to grow into Asia comes as JPMorgan makes other prime brokerage changes. The firm is integrating its equity treasury services and securities lending businesses, FN reports.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.