Expanded prime services business more closely linked with Exane at BNP Paribas will launch after the integration of Deutsche Bank’s hedge fund clients is completed.
Speaking on its fourth quarter 2020 earnings call, the finance chief at BNP Paribas, Lars Machenil, said he expects the onboarding of Deutsche Bank’s hedge fund clients onto its platform to be completed at the end of this year, when it will then roll out the new prime division.
The expanded unit will be launched as the bank’s corporate and investment bank business accelerates development of its equity businesses, with prime services set to become more closely linked with its equity brokerage Exane to further grow the franchise.
The full article is available at https://www.thetradenews.com/bnp-paribas-to-roll-out-new-prime-division-this-year-following-deutsche-bank-integration/