BNP Paribas adds new head of prime services technology from JP Morgan
Based in London, new post will report to Adalbert de Broglie, CIO, Global Markets as bank tries to align prime services technology further with the prime service business unit.
Based in London, new post will report to Adalbert de Broglie, CIO, Global Markets as bank tries to align prime services technology further with the prime service business unit.
In April 2021, BNY Mellon’s Pershing announced an imminent realignment into Wealth Solutions, serving wealth-oriented broker-dealers, RIAs, and trust companies, and Institutional Solutions, serving institutional-oriented broker-dealers, investment banks and other capital markets firms, hedge funds, and alternative investment managers. One year on, Global Custodian spoke to Aaron Steinberg, head of prime service sales and capital introductions at Pershing, about the implications for prime services clients of the realignment.
New co-head joins from Cowen, where he served as director of prime brokerage and outsourced trading.
Bill Hwang and other executives have been arrested and charged by the federal officers for their roles in a “fraudulent scheme” that created a “$36 billion house of cards”.
Mainstay of Global Custodian’s surveys launches at a time of transformation within the prime services space.
Custodian rolls out integrated service in Europe amid equities push after seeing success for the solution in the US and APAC.
MUFG Investor Services has launched a business consulting group, hiring in expertise from Credit Suisse Prime Services. Global Custodian spoke to John Sergides, CEO, and Joseph Latini, global head of business development, about their ambitions for the new unit.
Seasoned industry expert takes up head of distribution role following a year of growth for Clear Street.
Following integration of Deutsche Bank’s prime business, BNP Paribas looks to expand its range of innovative prime services solutions.
French bank is on the cusp of entering the top tier of prime brokers following developments over the past two years.