As Deutsche Bank AG and BNP Paribas SA sort out a deal on servicing the German lender’s hedge-fund clients, one of the prizes at stake is the Asian business.
Even after a tough few years for Deutsche Bank, 14% of funds in the region still use it as either a prime broker or trade through it, according to Eurekahedge analyst Mohammad Hassan. That gives BNP the opportunity to break into the top 10, he said. Eurekahedge’s rankings reflect its estimates of both client balances and number of fund mandates.
The full article is available at https://www.bloomberg.com/news/articles/2019-07-17/deutsche-bank-s-prime-broker-deal-could-elevate-bnp-in-asia