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Screenshot of a breaking news alert e-mail from Q2 2017
Global Prime Partners, provider of prime brokerage, execution and clearing services to a wide variety of clients, today announced the appointment of Sean Capstick as Head of Prime Brokerage. The appointment is effective immediately.
Mr Capstick has set some ambitious aims for the corporate business. He expects to double the size of the company’s broking business in three years.
Mr Capstick joins from RWC Partners, the $11bn equity asset management business, where he was both a member of the management committee and also Head of New Markets. There he was responsible for all of RWC Partners client business outside of Europe.
Prior to this, Mr 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, said:
“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.”
Sean Capstick, Head of Prime Brokerage of Global Prime Partners, said:
“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.”