Saturday, 23 May 2015
Last updated 17 hours ago
Apr 7 2014 | 4:36am ET
London-based boutique prime brokerage firm Global Prime Partners has appointed Deutsche Bank to provide execution, clearing and custody services for its rapidly expanding client base of emerging managers, family offices and professional traders.
In recent years, banks and many prime brokerages have stopped providing direct services to smaller hedge funds and emerging managers, instead focusing on larger, more lucrative clients. Boutique prime brokerages have stepped in to fill the void, accepting smaller clients, while at the same time teaming up with large brokerages to offer the institutional quality services that small hedge funds now demand.
Julian Parker, CEO at GPP said: “We are excited to be partnering with another top-rated institution and are already enjoying the operational benefits that Deutsche Bank is providing. We continuously see smaller managers and broker dealers having difficulties gaining access to large, reputable institutions, but through Deutsche Bank, we will be able to provide our clients with this opportunity.”
Deborah Thompson, managing director and global head of direct securities services sales in Deutsche Bank’s global transaction banking, said: “We are delighted to be able to bring our market-leading clearing and custody services to GPP. They have an excellent reputation and we believe Deutsche Bank is the ideal partner for such a dynamic organization.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…