Global Prime Partners (GPP) has appointed Deutsche Bank to provide execution, clearing and custody services for its client base of emerging managers, family offices, professional traders and as of this month, boutique broker dealers.
This mandate follows other custodial and clearing firm appointments, the most recent being BNY Mellon in November 2013. Julian Parker, CEO at GPP comments: “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.”
Commenting on the appointment, Deborah Thompson, managing director and global head of Direct Securities Services Sales in Deutsche Bank’s Global Transaction Banking, says: “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. We look forward to broadening our relationship with them.”
Boutique Prime Broker Appoints Deutsche Bank
Global Prime Partners (GPP) has appointed Deutsche Bank to provide execution, clearing and custody services for its client base of emerging managers, family offices, professional traders and as of this month, boutique broker dealers.