HSBC FXPB preps Asia push
The bank is part of a group of dealers, including Morgan Stanley, BNP Paribas and Credit Suisse, to enter the market with a prime brokerage offering in the wake of the credit crisis (FX Week, September 5 and November 26, 2009). In May it kicked-off its efforts in the UK and Europe, and by August was live in the US.
Since then, the bank has signed 10 clients, consisting of asset managers, hedge funds and a corporate, for whom it acts as either a secondary or primary prime broker, said Joe Norena
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