Tue, Apr 28, 2015
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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

  4. Update: Wall Street has strong feelings about Jon Corzine trying to make a comeback[more]

    From Businessinsider.com.au: Former New Jersey Governor Jon Corzine is thinking about starting his own hedge fund, according to the Wall Street Journal, and because of the way his last firm imploded, Wall Street has strong feelings about that. “Truth is the larger seeders would never give him money

  5. Opalesque Exclusive: Cybersecurity and hedge funds - A manager’s experience, Part Four[more]

    Benedicte Gravrand, Opalesque Geneva: Ruane, Cunniff and Goldfarb, Inc. used to have their own IT infrastructure. Todd Ruoff, Executive Vice President in charge of trading, operations and technology, was responsible for its maintenance. Then he started looking at outsourced providers a couple of

 

banner