Tag: Credit Suisse

Pilot simulated the settlement and custody of shares using blockchain technology, offering pathway to same day settlement. 

Credit Suisse’s former head of prime services hedge fund consulting for the Americas will lead the new group.  

Former head of capital introduction and prime consulting at Credit Suisse joins up with Citi in EMEA role.

The bank will ditch the majority its prime services business after the collapse of Archegos cost it $5.5 billion and led to an in-house risk review.

New appointments continue in ISSA’s mission to have a diverse board from across the securities services space.

The Swiss bank will undergo an extensive review of the business where it will focus on derisking and resizing its hedge fund servicing unit. 

The exercise between Credit Suisse and Nomura's Instinet demonstrated the ability for firms to execute and settle US equities trades conducted throughout the day.  

The incident further highlights the dangers of over-leveraging hedge funds and could force some prime brokers to recognise the excessive risk that can occur. 

A recent survey from Credit Suisse Prime Services found allocators are increasingly using hedge funds to invest in private markets.

The new Credit Suisse representative is the fourth member to be elected to the organisation's board this year.