Global Prime Partners (GPP) has been appointed as prime broker to IPGL, the private investment firm founded by ICAP chief executive Michael Spencer in 1986.
GPP will provide a full range of prime brokerage services to IPGL including trade execution, clearing, custody and reporting.
IPGL's portfolio has a wide range of financial interests including a 16 per cent stake in ICAP, the world's largest interdealer broker, and a majority interest in leading spreadbetting firm CityIndex.
Julian Parker, chief executive of GPP, says: "IPGL is a prestigious client for GPP. The international reputation of its management and success and calibre of its investments, past and present, speak for themselves and to have been selected by IPGL to fully meet their prime brokerage requirements is a testament to the service expertise, high quality, and dedication of the GPP team. We are delighted to be working with IPGL."
