Global Prime Partners obtains Hong Kong license

Global Prime Partners, a provider of prime brokerage, execution and clearing services, today announced that it has obtained regulatory approval from the Securities & Futures Commission (SFC) of Hong Kong.

Following the regulatory nod of approval, Global Prime Partners is ready to begin offering its services from its Hong Kong office. The new office 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, who served at Newedge and UBS in the past, is already experiencing strong demand for its high touch services.

Unknown-1In addition, Global Prime Partners reported a 30% jump in its revenues over the last 12 months. The company says this positive development and the opening of its new Hong Kong office, reflect investors’ growing demand for its highly personalised prime brokerage and trading services. These services are targeted at the smaller to medium sized fund managers, who are often overlooked by banks and the larger broking firms.

Commenting on the regulatory approval for the Hong Kong office, Julian Parker, Chief Executive of Global Prime Partners said:

“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.”

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