Singh to lead Sucden's push into prime

Softs broker Sucden looks to build out its institutional credit intermediation service

Noel Singh, Sucden
Noel Singh: joined Sucden in November last year

Softs giant Sucden Financial is set to make a push into the institutional credit provision space with the launch of a prime service in the second quarter of the year, Noel Singh, the broker’s head of e-FX development, told FX Week.

The new direction comes against a background of contraction in the wider FX prime broker segment, with banks increasingly reluctant to offer credit and market access to smaller institutional market participants.

“I want to describe us as a non-bank prime provider,

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