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Prime Brokerage / Synthetic Prime Brokerage
Prime Brokerage has been traditionally dominated by the "bulge bracket" Investment banks offering a full range of services to Hedge Fund Clients including traditional structured products such as Equity Swaps (in various forms) and Contracts for Differences (CFD’s). Over the years Investment services have offered some form of abbreviated Prime Brokerage Services and this has evolved to the current trend of Synthetic Prime Brokerage.

A synthetic business is popular as it taps into a very lucrative product offering of the Prime Broker without having to invest vast amounts of money to enter what is already a mature and highly competitive and low margined business area. The ever-demanding market has resulted in a significant increase in Fixed Income and FX Prime Brokerage in what was traditionally an equity dominated business.  The trend for Prime Brokers over the last three years and moving forward has been to create a fully integrated cross asset offering to their ever demanding Hedge Fund clients.
 
Prime Brokers have come into their own due to the increased interest in Hedge Funds, with a combination of European countries such as France, Germany and in more recent times scandianvian regions in particular opening their doors to Hedge Fund businesses along with the US Domestic Market maturing, more and more of the US Funds are looking to Europe.

Key Prime Brokers (International)
  • Morgan Stanley
  • Goldman Sachs
  • UBS
  • Deutsche Bank
  • Credit Suisse
  • Lehman Brothers
  • Merrill Lynch Investment Bank
  • Barclays Capital
  • Citibank
  • Bear Stearns International
Banks Offering Synthetic Prime Brokerage Services
  • ABN Amro
  • JP Morgan
  • ING Barings
  • BNP Paribas
  • Nomura
  • Calyon
  • Bank America Securities
  • HSBC Invesment Bank

One of the key reasons a Hedge Fund looks to utilise the services of a Prime Broker is to create leverage and minimise operational costs whilst still benefiting from executing with multiple brokers.

Key Services offered by Prime Brokers are:
  • Securities Lending
  • Financing
  • Clearing / Settlement
  • Technology
  • Start up Services (Hedge Fund Advisory)
Contact Kang Shik Kim for further information.
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Junior Client Service
We are currently looking for a number of client service reps to work within prime brokerage.  In particular we are interested in looking at individuals from the buy side with strong rounded...
Prime Brokerage Client Services (ref: 0701-4)
Prime Brokerage Client Services role for a Global Investment bank. The Client Services candidate must be able to work independently and interface with all levels of management in a fast paced...
Prime Brokerage CLient Services, Documentation (ref: 0701-5)
A position in the Documentation team of the Prime Brokerage Client Services business for a Global Investment Bank.The candidate will have prior experience in a documentation or compliance role and...
Prime Brokerage, Client Services Middle Office and Settlements
Prime Brokerage Client Services position for a candidate who has experience of working in the Equity Middle Office and Settlements environment. The role involves dealing with Equity sales and...
Synthetic Prime Brokerage Client Services (ref: 0701-3)
Synthetic Prime Brokerage Client Services role for a candidate with knowledge of the Equity Financing/Equity Linked business. Product knowledge should include Cash Equities, Equity Swaps,...
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