Global Prime Partners (GPP), a leading boutique prime broker, has appointed Deutsche Bank to provide execution, clearing and custody services for its rapidly expanding client base of emerging managers, family offices, professional traders and as of this month, boutique broker dealers.
Following on from other custodial and clearing firm appointments, the most recent being BNY Mellon in November 2013, GPP is now in a stronger position than ever to cater for its clients’ needs with a round-the-clock settlement solution, which is coupled with its renowned institutional, yet highly personalised approach.
Commenting on the appointment, 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, commented: “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 organisation. We look forward to broadening our relationship with them.”