Credit Suisse Asia's Second-Largest Prime Broker, Behind Goldman

May 21 2013 | 1:02pm ET

Credit Suisse edged out Morgan Stanley to become the second-largest prime broker in Asia this year, according to a new survey.

Credit Suisse added 14 clients and $2.4 billion over the past year, AsiaHedge said. Morgan Stanley still has more clients—although it failed to add any over the year—but those clients have fewer assets than Credit Suisse's roster.

Goldman Sachs remains the region's largest prime broker, with $24.6 billion from 179 clients, both up from last year. The fourth- and fifth-largest prime brokers in Asia, Deutsche Bank and UBS, saw the assets overseen by their hedge funds fall, as did Bank of America Merrill Lynch, which fell into seventh place behind Citigroup, followed by HSBC, JPMorgan Chase and Newedge.

Credit Suisse's growth was fueled by expansion in China and Hong Kong, where it is now the largest prime broker, taking a crown formerly held by Deutsche Bank.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note