Industry newsletter, EuroHedge, has reported data which shows that Morgan Stanley's share of the market has declined from 60% to 45% over the last two years as rivals Goldman Sachs, Deutsche, CSFB, Barclays Capital, UBS and Merrill Lynch all gained market share.
Prime brokerage is a service provided to hedge funds which includes trading, stock lending, clearing, settlement and custody. Although Morgan Stanley remains the dominant force in European prime brokerage, Goldman now has a 21% market share, mostly due to the fact that it tends to win a lot of business from new hedge funds.
Prime brokerage is still a growing area and new entrants continue to enter the fray. BNP Paribas is thought to be starting up its own prime brokerage operation later this year.
Prime Brokerage Slips At Morgan Stanley
Bloomberg reports that Morgan Stanley Dean Witter lost European prime brokerage market share in the last two years as competitors made inroads into the market.
'Gang Of One' - The True Story Of How A Successful Banker Coped With Prison Life
'The End Of Normal' - The Stigma Of Being A MadoffNews RSS Feed Like us on Facebook Linkedin Follow us on Twitter
Videos
Latest in Business
back-up- What Do Bankers Do When They Leave The Industry ? (Quote Of The Week)
- 'Old Traders' - Chapters I - IX
- Disbelief As Greek Politicians Delay Deal On €130bn Rescue Package
- Featured Recruiter - NJF Search
- Featured Training Company of the Month – PRPi Training Limited
- Recruitment Firms We Like
- London Deals - Max Hence Bespoke Suit, Cinema Tickets, Barbican Jazz, Charterhouse Bar, Luxury Beverages, Candle Crafts, Yoga Sessions
- Firms Consider Stopping Annual Bonus Awards
- Last Week's Biggest Losers
- Goldman Bosses Get Bonus Cuts, Firm Looks For Growth In Europe
- PIMCO Announces EVP, SVP & VP Promotions
- 35th Annual Empire State Building Run-Up
- Bob Diamond Comp, Goldman, Julius Baer, Lazard, MF Global, Hedge Funds
- AG Announces Major Lawsuit Against Largest US Banks For Deceptive & Fraudulent Use Of Electronic Mortgage Registry
- Who To Blame For The Great Recession ? So Many Big Names Are In The Frame
- BofA, BNY Mellon, Carlyle, Goldman, MF Global, John Paulson, Allen Stanford
- Here Is The City Hits New Readership High - 414,059 Unique Users
- RBS Chairman Defends Stephen Hester's Near-£1m Bonus
- Top Firm Said To Be Cutting Bonuses & Jobs
- UBS Faces Formal FSA Investigation After Kweku Adoboli Charges
- Ex-MF Global Chief Risk Officer Says He Expressed 'Concerns' & Urged 'Caution'
- Ed Miliband's Speech On Banking - Pay 'Too Big, Too Often'
- MF Global 'Board And Senior Management Were Highly Sophisticated'
- BofA, Credit Suisse, Jefferies, MF Global, RBS, UBS
- Changes To UBS Board Of Directors
- Barclays, Bank Of Nova Scotia, Blackstone, Deutsche, Evercore, JPMorgan, MF Global, UniCredit
- M&A & Capital Markets Snapshot
- Financial Services Authority Asks For £78m More In Funding
- CEO Admits That Firm Broke Bonus Promise
- Deutsche Bank 2011 Compensation Details Now Out
- SEC Charges Former Credit Suisse Investment Bankers
- Letter From Mark Zuckerberg In Facebook IPO Filing
- Citi, Credit Agricole, Goldman, JPMorgan, Morgan Stanley, Nomura, Societe Generale
- FaceBook IPO - The Best From Around The Web
- Tory MPs Call For More Knighted Bankers To Get Fred Goodwin Treatment
- Jefferies Acquires Hoare Govett From Royal Bank Of Scotland
Features
- And The Best Place To Work In The Global Financial Markets 2011 Is...
- The Top 100 Financial Markets Firms 2011
- Recruitment Firms We Like
- Execuzen - Best Search Firm 2011
- Eximius Group - The Best Contingency Recruitment Firm 2011
- Hays Financial Markets - Best Temp / Interim Recruitment Firm 2011
- Holmes Search - The Best Compliance Recruitment Firm 2011
- Huxley Associates - Best HR Recruitment Firm 2011
- Selby Jennings - The Best Front Office Recruitment Firm 2011
- Selby Jennings - The Best IT Recruitment Firm 2011
- Selby Jennings - The Best Risk Management Recruitment Firm 2011
- Tay Associates - Best Secretarial / PA Recruitment Firm 2011
