With year over year growth in excess of 15% in 2011, ConvergEx Prime Services – formerly known as NorthPoint Trading Partners – is well poised to continue to expand throughout 2012 and has increased its staffing by approximately 15% to meet those demands.
“Customers are more widely beginning to recognise the value of using a prime service provider that is owned by a technology company,” says Doug Nelson (pictured), chief executive officer of ConvergEx Prime Services. “By leveraging the synergies that were created when we joined ConvergEx, we are able to offer one of the most advanced prime service platforms on the market. Our robust portfolio analytic technologies, along with an enhanced offering for alternative mutual funds, helped the business receive 59 “Best in Class” rankings in the 18th annual Global Custodian survey of the prime brokerage industry and win especially high praise for its exceptional customer service.”
“Expanding our capabilities and bringing on additional talent to support key initiatives helped contribute to our growth and another banner year,” noted Michael DeJarnette, president of ConvergEx Prime Services. “By devoting significant resources to our Capital Solutions division, we have more than doubled our capital introduction event calendar for 2012, creating an even more compelling offering for customers.”
ConvergEx Prime Services is an industry-leading provider of integrated prime services to Hedge Funds, Family Offices, Mutual Funds, and Registered Investment Advisors. It offers advanced technology, global execution and reporting tools provided by multiple prime custody options through Goldman Sachs Execution and Clearing, JP Morgan Clearing Corp and Pershing LLC. Its customers are exposed to a broad base of long-standing customer relationships with an experienced team providing high quality service and unique advantages in the marketplace.
