Wednesday 06, January 2010 by
Deutsche Bank launches asset segregation platform for hedge fund clients
Deutsche Bank's Global Prime Finance division has launched a hybrid custody version of prime brokerage, named DB Integrated Prime Custody. The bank claims that several large European clients have signed up for the new platform and hundreds of millions of euro value in securities have already been segregated. Although the initial launch focus is on European-based clients, Deutsche Bank expects to offer the product to US-based prime brokerage clients in early 2010.
