Global Prime Partners, a provider of prime brokerage, execution and clearing services to all classes of professional investors, has received regulatory approval from the Securities & Futures Commission of Hong Kong.
Following its approval, Global Prime Partners will now begin trading from its new Hong Kong office, which will provide execution and prime brokerage services to Asian based fund managers, family offices and professional traders.
The Hong Kong office, headed by Alastair Sclater, formerly of Newedge and UBS, is already experiencing strong demand for its high touch services.
The growth in revenue at Global Prime Partners of over 30 per cent during the last 12 months, combined with the opening of the new Hong Kong office, reflects investors’ growing demand for the Company’s highly personalised prime brokerage and trading services. These services are aimed at the smaller to medium sized fund managers, who more and more are being overlooked by banks and the larger broking firms.
Julian Parker, Chief Executive of Global Prime Partners, says: “The opening of our Hong Kong office demonstrates our long term commitment to client servicing in Asia. We are already experiencing high levels of interest in our services offering and look forward to launching further products in the region.
“The entire broking industry is experiencing a new wave of demand from sophisticated investors who are finding it harder to attract the attention of banks and custodians. Global Prime Partners has institutional strength technologies and highly personalised levels of service to meet the needs of our growing client base.”