Linear Investments Taps Norman Hartmann as CTO, European Head

Linear Investments has christened its first European office, located in Hamburg, Germany – the new office will help cater to Linear’s expanding European customer base with local support, according to a Linear statement.

Leading the new operations in Germany will be Norman Hartmann, Linear’s newest Chief Technology Officer (CTO) and head of the European office. The UK boutique 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 and hedge fund platform will also be strengthening its European base through offering local support for its suite of services, including Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term through to Prime Brokerage, custody and settlement.

Prior to the appointment, Mr. Hartmann served as the Chief Executive Officer (CEO) at AQX Securities GmbH. He has also worked as a Co-Manager of the Pharos Strategy at Aquila Capital dating back to March 2006.

According to Paul Kelly, CEO, Linear Investments, in a recent statement on the appointment, “Norman brings a wealth of technical experience in brokerage services platforms, having built the infrastructure at both Aquila Capital and AQX Securities.”

“I am confident that under Norman’s guidance, Linear will continue to enhance its technology infrastructure and provide even greater efficiencies to its clients in all aspects of the services we provide. Providing the very best service to our clients is paramount to our business and we are investing across all areas of the business to ensure our high-level of client service is maintained as our client base grows,” he noted.

“I am relishing the opportunity to further build upon the already impressive technology infrastructure that exists at Linear. My initial task will be to successfully oversee a range of new middle and back office infrastructure enhancements that will provide Linear’s agency and prime brokerage clients with a first-class technology experience across our services. As Head of Linear’s German branch, I’m personally looking forward to working with the larger team and helping Linear extend its local presence into continental Europe,” added Mr. Hartmann in an accompanying statement.

Last week, Linear Investments closed a deal with AQX Securities, whereby acquiring its execution business and assets from Aquila Group. Linear Investments provides wealth management and investment services to clients worldwide. Its comprehensive suite of services includes hedge funds, seed funding, prime brokerage and execution, among others.