StoneX Financial Ltd, a wholly owned subsidiary of StoneX Group Inc, has expanded its institutional prime brokerage offering with the launch of a multi-asset CASS compliant custody solution coupled with new financing capabilities, which include repo financing and securities lending, under the banner of its London based StoneX Institutional Prime product.
StoneX has also added to its team with the hiring of Gary Clifford-Newman (Cross Asset Sales) and James Barten (Head of EMEA Security Financing) to bolster growth and capabilities within London Prime Services. These hires follow the appointment of Andrew Sterry in October 2022 to head the newly created StoneX Institutional Prime group. The StoneX Institutional Prime business is part of the wider Securities group led by James McAuslan, Global Head of Prime Services and Head of Securities for EMEA.
The StoneX Institutional Prime group was created to support mid-tier hedge funds through multi-asset and end-to-end services, including execution, custody, and financing, as well as the opportunity to position and currency hedging through the StoneX FXPB and Futures Clearing product offerings. With a global footprint and a modular product offering, StoneX Institutional Prime is an ideal service provider for both emerging and established managers.
