BNY Mellon’s Broker-Dealer services business has been appointed to provide clearing and custody services to Global Prime Partners’ emerging investment manager clients.
BNY Mellon will initially begin providing its services to the boutique prime brokerage outfit’s clients that have settlements in Euroclear with the intention of gradually rolling out this counterparty arrangement into all geographic regions in which GPP’s provides prime brokerage support to its clients.
Commenting on the agreement, Kevin LoPrimo,head of Global Hedge Fund Services at Global Prime Partners, notes: “This arrangement has been a long time in the making and we are delighted to be moving forward with BNY Mellon.
“Working with BNY Mellon will further strengthen the quality and reliability of service support that we provide to our own clients. We have a clear vision to be the pre-eminent prime broker of choice for smaller managers and this is but the latest step in our solid and steady build of GPP’s business.”
Global Prime Partners Appoints BNY Mellon to Provide Clearing and Custody Services
BNY Mellon’s Broker-Dealer services business has been appointed to provide clearing and custody services to Global Prime Partners’ emerging investment manager clients.
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