Chinese Bank Rolls Out Prime Brokerage

Aug 22 2012 | 1:29pm ET

The Bank of China International has set up a prime brokerage business designed to cater to Chinese hedge funds.

BoCI Securities has united several services it had already been providing and will seek to leverage existing clients from its private banking and investment banking units, Asian Investor reports. "Fund managers already have wide distribution channels comprising commercial and retail banks," Graham Ng, deputy head of equity sales and research, said. "But for start-up Chinese hedge funds targeting money from offshore Chinese investors, their needs are often not met by bulge-bracket investment banks' prime financing and that is where we feel we have a niche."

BoCI will focus on hedge funds with up to US$100 million in assets. It will do its own due diligence on managers strong risk management and governance before recommending them to its private banking and high net-worth clients, Ng told AI.

The bank's securities unit has offered securities lending and margin financing for some time. Those services have now been combined with execution, trading and custody services.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

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

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of