Prime brokerage: the multi-billion dollar cash cow redefining banks’ trading divisions

Expand Partner, Amrit Shahani, spoke to IFR with his view on the significant role prime brokerage now plays in the banking sector to meet the needs of cross-asset clients and how it will continue to be an key area of competition among banks.

According to Amrit Shahani, Goldman Sachs, JP Morgan and Morgan Stanley hold a market share of nearly 60% in prime and are each closing in on US$1trn in client balances.

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