Prime Brokerage

How the old top two in Asia became the new famous five


Goldman Sachs edges ahead of Morgan Stanley, but the top two are now joined at the top table in Asia-Pacific prime broking by UBS, Deutsche Bank and Credit Suisse

The global economic crisis, as one might have expected, has had a huge impact on the prime brokerage market for Asia-Pacific hedge funds, according to our latest survey of market share.

Until last year, this market was heavily dominated by two major US investment banks - Morgan Stanley and Goldman Sachs - which held close to 60% of its assets between them.

A year later and the whole market suddenly looks