Global Prime Partners (GPP) has appointed Deutsche Bank to provide execution, clearing and custody services.
The prime broker said that it had a rapidly expanding client base of emerging managers, family offices, professional traders and as of this month, boutique broker dealers.
The mandate follows on from appointing other firms for custodial and clearing services, the most recent being BNY Mellon in November 2013.
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: “GPP 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.”
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