London Prime Brokerage To Add Cap. Intro. Services

Jan 30 2012 | 1:36pm ET

As its clients begin to look to raise more money, prime brokerage Global Prime Partners is planning to help.

The London-based boutique plans to add capital introduction services beginning this summer. What those services—expected to include marketing—actually look like will depend on who the firm hires to lead it.

"Right now, it's a wide-ranging mandate," Kevin LoPrimo, global head of hedge fund services and equity finance, told HFMWeek. "We will look to define the role more closely once the hire is in place."

LoPrimo said he was "passively" interviewing for the role and would intensify the search towards the end of the quarter. Global Prime plans to hire other professionals for the unit after picking its chief.

The one-and-a-half-year-old firm's clients—numbering about 40 with another 25 likely to come on board in the next few months—have begun to reach their first anniversary. LoPrimo said that those all-important track records are behind the firm's decision to expand, as its clients increasingly have the means to seek new investment.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of