Global Prime Partners has appointed Sean Capstick as head of prime brokerage.
Capstick joins from RWC Partners where he was a member of the management committee and head of new markets. Capstick was responsible for the entire RWC Partners client business outside of Europe.
Prior to this, Capstick was European head of prime brokerage at Bank of America Merrill Lynch.
Julian Parker, chief executive of Global Prime Partners, commented: "As the Basel III constraints continue to limit the prime brokerage capabilities of the larger banks, demand for our services is growing rapidly and we are fast becoming the ‘go to’ prime broker for smaller hedge funds.”
“I am delighted that we have been able to attract someone of Capstick’s experience to support our clients and to lead this critical part of our business.”
Capstick added: “Global Prime Partners has a growing reputation as the markets alternative to the bulge bracket prime brokers. Together with the exciting opportunities our new office in Hong Kong is already generating, I look forward to substantially growing our international client base.”
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