Twenty percent growth for SEB prime brokerage platform
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Twenty percent growth for SEB prime brokerage platform 21 December 2012London Reporter: Jenna Jones
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New SEB figures show a 20 percent increase in mandates on its prime brokerage platform over the last year. The platform has attracted 70 new hedge fund mandates in 2012, bringing the total number to more than 400.
SEB’s fully segregated custody based model—which protects client assets without re-hypothecation—has also proved popular with international clients, which have grown their business with SEB by 30 percent this year.
The re-launch of its FX Prime Brokerage service has also resulted in client trade flow, with SEB as prime broker, to grow by around 300 percent in 2012.
Peter Herrlin, head of prime brokerage at SEB, said: “Despite challenging market conditions, 2012 was a very successful year for SEB Prime Brokerage, and we are confident that 2013 will show an equality positive development. We are recognised as an intrinsic part of the strong Nordic macro environment.”
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