Global Prime Partners (GPP) has hired a former a senior prime brokerage risk expert as its new chief risk officer.
James Parker will take on the newly-created role after over five years at Societe Generale as European head of prime brokerage risk management.
His appointment is part of GPP’s strategic expansion of its senior leadership team and follows the recent hire of Todd Johnson, a former prime brokerage head at both Deutsche Bank and Citi, as chief operating officer.
Prior to five years at Societe Generale, Parker also served as head of clearing and financing products risk management at JP Morgan and executive director of valuations and model control oversight at Lehman Brothers.
GPP is currently celebrating its tenth year in operation, after being established in 2008 as a custody and clearing firm. The company has since grown a global prime brokerage and wealth solutions arm.
“James’s appointment to the new CRO role highlights our commitment to growth. Bolstering the management team was a priority for the firm heading into 2019 and James adds great industry expertise and experience to GPP,” said Julian Parker, CEO of GPP.