Prime Brokerage

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

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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