Tag : citi

Relative value managers raced to short their Treasury positions after the US Fed hinted at tapering in May, borrowing from the repo market. But demand saw hedging costs spiral.

Citi trailblazer Hannah Goodwin is heading quietly into the night, after going where no woman has gone before – and may never go again – in Asia prime brokerage.

Regulators in the three markets are putting faith in agreements for mutual recognition of funds – and their efforts may be coming to fruition. And Korean firms are taking note.

Deutsche names Asia agency sec-lending head, Citi appoints Asia commercial bank head, Axa IM adds in distribution, Alvarez & Marsal adds two directors in Beijing.

HSBC becomes the latest global custodian to offer broker outsourcing services to top-tier broker-dealers. But some analysts say smaller brokers would gain more from these services.

Since Thailand's securities watchdog introduced a clampdown on sales promotions used by asset managers to boost fund sales, custodians have had a bigger role to play.

Citi and UBS have created a post-trade processing solution which offers middle-office, clearing and settlement services, and removes the need for brokers to have a post-trade infrastructure.

Amid rising cross-border investment from Asian asset managers, BNP Paribas Securities Services argues it can complement managers' existing trading desks through outsourcing.

A shift of executives sees Joseph Chang promoted to head of prime finance in Asia, taking over from David Murphy, who will oversee Citi’s prime operations in the US.

Asian investors are increasingly using single-dealer e-trading platforms that they say offer anonymity and spread improvement, rather like dark pools for equities.

South African Sanlam's $111 million share purchase in an Indian firm has drawn attention to the appeal of the country's QFI scheme, offering foreign investors quicker time to market.