Copying and distributing are prohibited without permission of the publisher
Deutsche Bank partners with GPP
07 April 2014
Agreement to provide the boutique prime broker with clearing and custody services
Deutsche Bank has entered into an agreement to provide boutique
prime broker Global Prime Partners (GPP) with execution,
clearing and custody services.
The announcement follows a similar agreement with BNY Mellon
Julian Parker, CEO at GPP said: "We are excited to be
partnering with another top-rated institution and are already
enjoying the operational benefits that Deutsche Bank is
"We continuously see smaller managers and broker dealers having
difficulties gaining access to large, reputable institutions,
but through Deutsche Bank, we will be able to provide our
clients with this opportunity."
Deborah Thompson, managing director and global head of direct
securities services sales in Deutsche Bank’s
Global Transaction Banking, said: "GPP have an excellent
reputation and we believe Deutsche Bank is the ideal partner
for such a dynamic organisation. We look forward to broadening
our relationship with them."