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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...