Weeden Prime Services has appointed Frank Napolitani as president.
In this role, Napolitani is responsible for leading the continued expansion of the company’s prime brokerage business focusing on hedge funds, registered investment advisers and family offices.
"Prime services are an integral part of our client offering, and we have made substantial progress adding clients in recent months since the acquisition of Saxis Group in April,” says Andrew Formato, president of Weeden & Co. "Under Frank’s leadership, we expect to build on that success and establish the industry's leading prime brokerage platform."
“I’m truly honoured to be joining such a high energy and dedicated management team at Weeden. 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,” says Napolitani.