Sun, Jul 24, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Prime Brokerage platform at SEB reveals 20% growth in 2012

Thursday, December 20, 2012

Peter Herrlin
Opalesque Industry Update - Northern European banking group SEB announced a 20% increase in mandates on its Prime Brokerage platform over the last 12 months. The platform has attracted 70 new hedge fund mandates in 2012, bringing the total number to more than 400. SEB’s fully segregated custody based model, protecting client assets without re-hypothecation, has proved particularly popular with international clients, which have grown their business with SEB by 30% this year.

SEB also re-launched its FX Prime Brokerage service in 2012, resulting in client trade flow with SEB as Prime Broker growing around 300% this year. The resilient product provides real-time margining and low touch trade matching, allocation and straight through processing.

Growth for the business was also driven by SEB Prime Solutions which was launched in September 2010 as an umbrella SICAV (Société d'investissement à capital variable) platform for alternative investment managers' UCITS funds. Prime Solutions, which has already established itself as a top-10 player in Europe, offers a range of risk management and administration services as well as the legal structure to facilitate the launch and marketing of these funds.

Peter Herrlin, Head of Prime Brokerage SEB London comments: “Despite challenging market conditions, 2012 was a very successful year for SEB Prime Brokerage, and we are confident that 2013 will show an equally positive development. We are recognised as an intrinsic part of the strong Nordic macro environment, and currently enjoy a stable and strong A+ rating. This allows us to attract new clients and offer them unparalleled access to the Nordic investor community. The fact that today more clients outside the Nordics choose our platform demonstrates that we are able to expand by building on our strong heritage in our home markets.”

Press release

bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe