[ad_1]
Counterparty Radar: Life insurers looked west for liquidity after November’s US presidential election
Wells Fargo’s decision to tilt its foreign exchange business towards institutional buy-side clients is paying off, with the San Francisco-headquartered bank seeing a big jump in trades with insurers in the fourth quarter to supplement its multi-year growth with mutual funds.
Data from Risk.net’s Counterparty Radar service shows Well Fargo’s FX forwards notional volumes with life insurers increased by 56.4% to $4.75 billion, making it the fourth-largest dealer in that product with this client
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@fx-markets.com
Most read articles loading…
Back to Top
You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.
You are currently on corporate access.
To use this feature you will need an individual account. If you have one already please sign in.
Alternatively you can request an indvidual account here:
[ad_2]
Source link