Global Prime Partners Taps Sean Capstick as its Head of Prime Brokerage

Global Prime Partners (GPP) has appointed Sean Capstick as its newest Head of Prime Brokerage, who joins the group with immediate effect, according to a GPP statement.

Mr. Capstick joins GPP from RWC Partners, having served as a member of the management committee and also Head of New Markets since early 2013. Moreover, he has served in a number of senior level roles including European Head of Prime Brokerage at Bank of America Merrill Lynch (BAML), with additional stops at Deutsche Bank, Morgan Stanley, and Goldman Sachs.

According to Julian Parker, Chief Executive of Global Prime Partners, in a recent statement on the appointment: “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.”

“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 Prime Broker Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Read this Term for smaller Hedge Funds,” he noted.

“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,” added Mr. Capstick in an accompanying statement.

Earlier this month, GPP added Tom Wooders as its Head of Sales, Broker-Dealers and Intermediaries. Since joining GPP, Mr. Wooders has been responsible for fostering the group’s global Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term and custody services. He joined GPP with nearly two decades of experience in the financial services and sales realm, having held senior level roles at JP Morgan, BNY Pershing, State Street, and Broadridge.