Credit Suisse Passing The Test For European Prime Brokerage

By Author: jim mccarry
Total Articles: 37
Comment this article

The test for the prime brokerage division of Credit Suisse’s which is one of the only biggest beneficiaries of the shift in the share of the market at the time of financial crunch in the market. There have always been talks that whether it would be entering into any kind of new business or not or if it starts whether it will be handing on to it or not.
When financial crisis had come into the market of the country, it was the major reason of the broken relationship between Goldman Sachs as well as Morgan Stanley. There was that the firms of the heeded funds would be getting into sorting onto diversifying the risk of the counter party as well as the relative safety from the side of the banks over the issue of dealers. By the ending of the year 2009, Credit Suisse was on the top position of the European prime broker as far as assets are concerned. This was reported by the trade magazine, Euro Hedge.
From that very time, the bank is keeping itself away from its competitors. During the span of last year that is the year 2011, the aggregate figure of Credit Suisse for client assets went up from the point of 67 billion ...
... dollars to more than the figure of 84 billion dollars. On a contrary to this, Morgan Stanley had come down from the point of 54 billion dollars to just below the figure of 44 billion dollars, as well as Goldman Sachs seeing a drop from the figure of 52 billion dollars to that of 48 billion dollars.
Goldman Sachs along with Morgan Stanley were also affected negatively by the retreat from strategies of equity, where has dominated the market historically. The biggest European client of Credit Suisse is hedge fund manager Brevan Howard Asset Management with a worth of 36 billion dollars and has got accounts which have large proportion than its sum total. Apply now with 12 month loans @ http://www.1monthloanuk.co.uk/12-month-loans.html and cash aid in minutes.
Macro had fixed the income as well as futures strategies, where on the other hand Credit Suisse is particularly is quite strong in comparison to it. This is a positive sign for the investors. Roy Martins, who is working as the head of prime services for Emea at Credit Suisse, was of the view that the success of the division came along because of three reasons. The 5 year bank credit swap has a spreading of costs of term funding.