Ready When Needed: How Credit Suisse Got to Be a Top Prime Broker

Kentouris, Chris
October 2009
Securities Industry News;10/5/2009, Vol. 21 Issue 21, p20
Trade Publication
Case Study
The article presents a case study of how Credit Suisse became a top prime broker. Its success can be attributed to careful strategic planning and insightful forecasting of changing market conditions. In 2006, Credit Suisse saw the need for more than one prime brokerage provider to protect against counterparty risk in hedge funds. In the same year, the bank signed an agreement with Paladyne Systems which provides a software that enables communication between hedge funds and prime brokers and reduce their operating and information technology (IT) costs.


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