BoCI seeks to ramp up prime brokerage

Bank of China International (BoCI) aims to ramp up its prime brokerage business and is targeting Chinese hedge fund start-ups in its drive to become a fully fledged investment bank. Graham Ng, deputy head of equity sales and research at BoCI Securities, says the firm’s prime servicing unit has prioritised developing relationships with managers of Chinese hedge funds up to $100 million in size. He notes that BoCI is looking to leverage existing clients from its private banking an…