JPMorgan Prime Brokerage Eyes Asia

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.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note