Sun, Apr 26, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Global Prime Partners selects BNY Mellon for global clearing and custody services

Thursday, November 07, 2013
Opalesque Industry Update - Global Prime Partners ("GPP"), the global prime brokerage boutique which specialises in supporting emerging managers, today announced that it has entered into an agreement with BNY Mellon, the global leader in investment management and investment services, whereby BNY Mellon’s Broker-Dealer services business will provide clearing and custody services to GPP's expanding group of high quality emerging investment manager clients.

BNY Mellon will initially begin providing its services to GPP's clients that have settlements in Euroclear with the intention of gradually rolling out this counterparty arrangement into all geographic regions in which GPP's provides prime brokerage support to its clients.

Commenting on the announcement today, Kevin LoPrimo, Head of Global Hedge Fund Services at Global Prime Partners, noted: "This arrangement has been a long time in the making and we are delighted to be moving forward with BNY Mellon. BNY Mellon is one of the most respected global financial institutions with an international reach and strong track record of clearing and custody.

“Working with BNY Mellon will further strengthen the quality and reliability of service support that we provide to our own clients. We have a clear vision to be the pre-eminent prime broker of choice for smaller managers and this is but the latest step in our solid and steady build of GPP's business."

Brian Ruane, CEO, Broker-Dealer Services at BNY Mellon, added: “Through our comprehensive suite of securities clearing and custody services and the deep pool of expertise we can draw on globally, we can support GPP as it continues to expand and enhance the support it offers to its growing client base.”Press release

bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner