Wells Fargo, the US bank which two years ago initiated a push into the business of servicing hedge funds with the hire of Deutsche Bank's then head of US prime brokerage, has continued its expansion with more than a dozen hires across capital introduction, prime services sales and business management since the start of the year.

The US bank announced the formation of a client trade services group two years ago this week, appointing Eamon McCooey, then the head of US prime brokerage at Deutsche Bank, to head prime services, and launching its self-clearing prime brokerage platform in September 2014.