NatWest’s PB chief on not changing course after Archegos
Marcus Butt believes diversity of clients, both in size and type, is the best way to manage risk
The collapse of Archegos earlier this year jolted equity prime brokers into taking stock of their business and how it is run, and it was no different for their foreign exchange cousins.
FX prime brokerage (FXPB) is no stranger to problems and, for some banks, the chaotic unravelling of the family office was another excuse to trim their client list and focus on larger, strategic relationships. Not for NatWest Markets, though. The dealer has stuck to its belief that diversity of clients, whether
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