Hedge Funds

Deutsche Bank PB unit launches client consulting service

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Deutsche Bank's prime services division has launched a consulting initiative, named the Business Consulting Group, to provide a central conduit to handle a range of client inquiries related to hedge fund management.

The initiative, introduced in January, is headed up by Tom Kerns, global head of client reporting and product integration. The move comes as prime brokers look to differentiate themselves in a lucrative, but increasingly competitive, market.

The new division will serve as a clearing house for Deutsche Bank's collective knowledge on topics such as hedge fund administrators, accounting firms, law firms and other third party service