Weeden Prime Services, a prime brokerage services provider for hedge funds, has expanded its team with the appointment of Will Greco as head of capital introductions.
This comes amid a period of strong growth for Weeden Prime as it has been a strong beneficiary of the recent tumult in the brokerage industry caused by JP Morgan’s decision to exit the correspondent clearing business.
Weeden Prime has enjoyed a period of strong growth in their business and the addition of Greco will enhance the already compelling offering Weeden Prime provides to its customers. Greco brings with him over 15 years of experience in the prime brokerage and capital introduction space. Most recently, Greco was an instrumental part of the Capital Introductions team at Jefferies, having also served in similar roles at institutional firms including Lazard Capital Markets, Bank of America and BNP Paribas.
“Capital Introduction offers most prime brokers an opportunity to distinguish their offering, however, most prime brokers have an impossible task of delivering truly customised service to their clients,” says Greco. “I am excited to be a part of a growing business that is in a great position to offer clients a dedicated platform to help grow their businesses.”
“We are proud to welcome Will to our team at Weeden Prime,” says Andy Formato, President of Weeden Prime. “As we continue to build a world-class prime brokerage platform, we are always excited when we can add quality people to our organisation. This addition will benefit our current and future clients as Will brings a solid understanding of capital introduction as well as strong institutional relationships to the firm with him.”
Weeden Prime is one of the country’s leading prime brokerage firms offering a full array of services to hedge funds. Many clients have been attracted to the firm’s ability to provide institutional level services including capital introduction, reporting and outsourced trading, among others.
