Global Prime Partners has appointed Sean Capstick as Head of Prime Brokerage with immediate effect.
Capstick, who expects to double the size of the company’s broking business in three years, joins from RWC Partners, the USD11bn equity asset management business where he was both a member of the management committee and also Head of New Markets. Capstick had responsibility for all of RWC Partners client business outside of Europe.
Prior to this, Capstick was European Head of Prime Brokerage at Bank of America Merrill Lynch. He has also held senior positions at Deutsche Bank, Morgan Stanley and Goldman Sachs.
Julian Parker, Chief Executive of Global Prime Partners, says: "As the Basel III constraints continue to limit the prime brokerage capabilities of the larger banks, demand for our services is growing rapidly and we are fast becoming the ‘go to’ Prime Broker for smaller Hedge Funds.
“I am delighted that we have been able to attract someone of Sean’s experience to support our clients and to lead this critical part of our business.”
Capstick says: “Global Prime Partners has a growing reputation as the markets alternative to the bulge bracket prime brokers. The firm is stepping in to help hedge funds as the banks pull out. Together with the exciting opportunities our new office in Hong Kong is already generating, I look forward to substantially growing our international client base.”
