Credit Suisse Replaces Morgan Stanley as Number Two Asia Prime Broker

by swisscham in Bank, Finance, Insurance

The Asian prime brokerage unit of Credit Suisse has replaced Morgan Stanley as the second largest firm servicing the region’s USD 148 billion hedge funds industry, a survey showed. Credit Suisse overtook Morgan Stanley by adding 14 new clients and USD 2.4 billion in assets over the last year, a first for any prime broker in Asia, the survey showed. Prime brokers provide services such as clearing trades and lending money to hedge funds. The fiercely competitive industry is going through a rough patch in Asia, where raising capital is becoming more difficult and many funds are shutting down.

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Your Swiss Business Platform in China

SwissCham China has roughly 600 company members. Our Chamber maintains a strong relationship with the Embassy of Switzerland, Swiss Global Enterprise, Swissnex and Switzerland Tourism. As the representative of the Swiss companies established in China, our goal is to help you to increase your business and visibility, especially amongst the Sino-Swiss business community.

Become A Member

Sign Up For Our Newsletter

  • This field is for validation purposes and should be left unchanged.
October 14, 2021
Published By in Business
October 13, 2021
Published By in Bank / Finance / Insurance
October 7, 2021
Published By in Engineering / Manufacturing
September 28, 2021
Published By in Business
September 18, 2021
Published By Consulate General of Switzerland in Guangzhou in Bilateral Relations