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Systems and platforms do not replace quality risk management at Daiwa

23 February 2010  |  6545 views  |  0 Source: Finextra Stephen Friend Daiwa Capital Markets

Stephen Friend of Daiwa Capital Markets talks with Finextra about the growth of its synthetic prime brokerage business. The bank plans on hiring 300 additional staff for its equities and derivatives business in Hong Kong alone.

Meanwhile, the bank has deployed the Syncova Optima broker platform to support this business. However, according to Friend, while Daiwa "has a long history" of using "the best" platforms, IT does not replace quality risk managers.

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