Mon, Oct 20, 2014
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   |   

Banner

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 Roundtable: Where are all the good ESG hedge funds?[more]

    Benedicte Gravrand, Opalesque Geneva: What are the benefits of sustainable investing? Many pension funds look to focus on that angle to reflect their company’s good governance, but face many challenges while doing that. A portfolio manager at Univest, a large Dutch pension fund, discusses this is

  2. Bill Gross gives his first investment outlook for Janus fund[more]

    Bill Gross strikes a gloomy tone in his first note to investors at his new gig at Janus Capital. Bill Gross, the renowned bond fund manger, struck a pessimistic chord in his first note to investors at his new gig at Janus Capital. His notes, usually full of silly commentary and upbeat advice, took a

  3. Investing - Big investors move to shore up Fannie, Freddie trade, Two hedge funds eye $1bn support to Sahara to secure Subrata Roy's release[more]

    Big investors move to shore up Fannie, Freddie trade From Forbes.com: Two of the nation’s most prominent investors who have been leading the charge to make a big score out of the shares of Fannie Mae and Freddie Mac moved on Friday to shore up shares of the mortgage giants that plunged r

  4. Opalesque Exclusive: What's next for trend followers?[more]

    Bailey McCann, Opalesque New York: New research out from Ibbotson touches on a key debate happening among investors and fund managers, specifically whether long term trend followers can survive in the new

  5. Hedge funds post negative returns in the third quarter[more]

    Bailey McCann, Opalesque New York: Q3 hedge fund returns were negative, marking the industry's first quarterly decline since Q2 2013 according to the latest hedge fund data from eVestment. Emerging markets saw losses more than twice that of developed markets. Declines from funds investing in