New-look multi-prime broking market takes shape in Asia
Tue May 18, 2010
Goldman Sachs and Morgan Stanley still lead the pack, but others edge up as competition intensifies in the wake of the financial crisis
Goldman Sachs still has the highest market share among prime
brokers in the Asia-Pacific hedge fund business, narrowly ahead
of Morgan Stanley, according to our latest annual survey
conducted by the AsiaHedge data and research team. But other
players – led by Deutsche Bank and Credit Suisse
– are continuing to grow their market share. Alongside
UBS, these firms form a new top five that is now more evenly
matched than at any time since we started conducting this
survey several years ago.
Other players, led by Citi and Bank of America Merrill Lynch,
also continue to play a significant role in the industry.
Newedge remains a prominent niche player, while some other
major international banks – led by Barclays Capital
– have also been gearing up and look poised to make a
much more significant impact on the Asia-Pacific market going
The market today already looks radically different from how
ISSN: 2151-1845 / CDC10004H
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