Tuesday, 25 April 2017
Last updated 18 min ago
Jun 16 2009 | 2:07am ET
The prime brokerage arms race is continuing apace.
Deutsche Bank has fired the latest salvo, hiring a Morgan Stanley alum to head prime brokerage sales in the Midwest. Jeff Knupp will serve as a director in Deutsche’s global prime finance sales group, based in Chicago.
Knupp’s hire follows hot on the heels of moves by Bank of America, Barclays, Citigroup and Fidelity Investments to create or increase the size of their prime brokerage efforts.