Merrill Lynch has relaunched its prime brokerage service with the aim of becoming a top three global player.
The group has boosted investment in its prime broker operation and is now actively promoting it, following a year-and-a-half of building up resources and hiring professionals from its competitors. The group intends to be a total solutions provider to the hedge funds industry.
Merrill Lynch has also moved some members of its alternative investment business to its US private client
The week on Risk.net, July 14–20, 2017Receive this by email