Weeden Prime Services Hires New President

Weeden Prime Services has hired Frank Napolitani as president, where he will be responsible for expanding the company’s prime brokerage business for hedge funds, registered investment advisers and family offices.

Prior to joining Weeden, Napolitani served as managing director, head of prime brokerage sales at Concept Capital Markets from 2008-2013. Before that, he served as managing director, head of sales at HedgeCap, an institutional broker-dealer, from 2005-2008. Earlier in his career, Napolitani worked for a family office in New Jersey.

Weeden Prime Services started following the parent company’s acquisition of Saxis Group in April, and the firm has on an emphasis on early stage and emerging hedge fund managers.

“I’m truly honored to be joining such a high energy and dedicated management team at Weeden,” says 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; high-touch and electronic trading; capital introduction and access to top-tier custody and clearing partners will prove to be a formidable offering in the marketplace.”