BNP Paribas eyes Asia as key prime brokerage market

BNP Paribas plans a full roll-out of its global prime brokerage platform in Asia, where the Paris-based bank is building a regional team that will include capital introduction staff. The platform, formally launched last week, will leverage the Paris-based bank’s global clearing and custody services network to service hedge funds. It will also offer margin financing, securities lending, capital introduction, and real-time profit and loss data. "Our development plans for the prime…