Global Prime Partners Unveils Structured Products Business Division

Global Prime Partners (GPP), a provider of prime brokerage and trading services to hedge funds, asset managers and professional traders, has expanded its focus with the launch of a new Structured Products division.

The initiative follows the appointment of Mike Ward late last year which was designed to kindle an emphasis on developing an in-house franchise across derivatives-based structured securities and funds. The newly formed Structured Products division will initially target domestic clients in the UK, and will help provide clients with access to the optimal issuers of structured products combined with bespoke technology and tailored customer service.

According to Mike Ward, Head of Business Development at Global Prime Partners, in a recent statement on the launch: “We have been fortunate to work with a great panel of issuing banks and developed a bespoke structured products platform designed specifically for the needs of wealth managers.”

“It’s exciting to bring this product to market and the initial reception from our clients has been extremely positive. We started to trade on launch day earlier this month. Business development continues and in the second half of 2017 we will launch our Wealth Solutions service, which will provide Wealth Managers with an integrated 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, custody and portfolio management platform,” he added.