The disciplinary action for Wong Sze-Yiu came as a result of failures in relation to managing a client’s discretionary account.
The expected introduction of third-party securities clearing next year will coincide with the expansion of the asset management sector, says BNP Paribas.
Today we announce the winners in prime brokerage. Through the week we'll recognise the best in indexing services, legal and accounting services, and trading & execution.
BNP Paribas maintains that attitudes around third-party clearing are shifting, despite a low uptake by brokerages.
David Gray, head of prime services at UBS for Asia-Pacific, discusses the resurgence of the hedge fund business.
The Morgan Stanley Smith Barney joint venture places Morgan Stanley squarely in the driverÆs seat; analysts expect further Citi disposals to follow.