Friday, 27 March 2015
Last updated 15 min ago
May 30 2013 | 11:06am ET
HSBC Holdings has big plans for its Asia prime brokerage.
The bank hopes to double the unit's assets over the next year, building on recent growth in the region. HSBC's Asia-Pacific prime finance unit was ranked the region's sixth-largest prime broker over the last 12 months by AsiaHedge, up from eighth a year earlier.
"For everyone, it has been a challenging year," the unit's head, Melvyn Ford, told Bloomberg News. "We definitely announced our arrival. We're trying to pick the clients and partner with clients that really want to be trading counterparts of HSBC."
The bank is already the biggest hedge-fund administrator in the region.
Ford said he aims to reach his goal by taking on several larger clients; "I don't envisage us taking a huge number of new prime clients based in the region; maybe between five and 10 a year." he said.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…