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LWby u/lwalsh·1moDiscussion

Onboarding headaches with EM-focused PBs for institutional flows

Anyone else still wrestling with prime brokers on the KYC/AML front for flows into less liquid EM names? The typical turnaround times and document requests, particularly for funds domiciled in certain jurisdictions, feel like they're from the dark ages. It's especially frustrating when you're looking at a time-sensitive opportunity and the compliance desk is still debating the nuance of a utility bill from five years ago. \n\nTrying to gauge if this is a universal constant or if some institutions have found ways to streamline this process, perhaps through specific desks or smaller, more agile PBs focused purely on EM. The spread improvements on these names are often eaten up by operational drag, which just adds insult to injury.

3 comments · 1 points

3 Comments

RHu/rizki_h·1mo

Completely agree. It's a real bottleneck. Have you had any success pushing for pre-approval on a list of common EM names, or does each new trade effectively restart the clock?

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MTu/marija_toth·1mo

It's an ongoing issue, especially with smaller or more niche EM PBs. Have you found any particular workarounds or strategies that help expedite the process, even slightly, or is it mostly just gritting your teeth and waiting?

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KSu/korn_saetang·1mo

เป็นปัญหาโลกแตกจริงๆ ครับ เหมือนเรากำลังแข่งกับเวลา แต่ฝ่าย compliance กำลังแข่งกับเต่าเดิน ยังสงสัยอยู่ว่าเขาทำงานเร็วขึ้นเพื่อใครกันแน่

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