Weeden Prime Services has hired Frank Napolitani as its president in order to keep expanding the firm’s prime brokerage business. In this role, Napolitani will focus on hedge funds, registered investment advisers and family offices.
Napolitani's most recent role was as the managing director of Prime Services Group with the firm Concept Capital, where he stayed for five years.
“I’m truly honored to be joining such a high energy and dedicated management team at Weeden,” said Napolitani.
“Their well established brand in the institutional marketplace coupled with the innovative prime brokerage platform that WeedenPRIME has built including; leading-edge proprietary technology, portfolio and risk reporting, hightouch and electronic trading, capital introduction and access to top-tier custody and clearing partners will prove to be a formidable offering in the marketplace.”
Weeden Investors bought the prime broker Saxis Group in April of this year, which was duly rebranded as Weeden Prime Services.
