SEB is growing second fastest in Europe among prime brokerage for hedge funds, according to EuroHedge’s recently released European Prime Brokerage survey for 2009.
Representing a snapshot of the hedge fund market, the EuroHedge survey places SEB as one of only two banks which showed a rise in its number of mandates during 2009.
SEB "continues to enjoy a dominant market share in Scandinavia," EuroHedge noted. "The growth of those funds during the year also helped boost SEB’s asset figure impressively from USD10.4bn to USD14.7bn."
"We also continue to grow in prime brokerage because of our successful business plan – to actively increase presence in both London and New York in order to attract more clients and business," says Jonas Lindgren, head of prime brokerage, securities finance.
