A consortium of five of the largest investment banks on the street – two American and three European – is working to provide private banks in Asia a shared, multi-dealer platform. Codenamed “Melburry”, Asian Private Banker understands that the hub will automate the product supply chain that feeds into private banks through a multi-dealer platform. Although none of the banks…
Heard on the street: J.P. Morgan, Goldman Sachs, BNP Paribas, Barclays and HSBC work on “gamechanging” solution for private banks
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