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.
