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Deutsche Bank partners with GPP

07 April 2014

Agreement to provide the boutique prime broker with clearing and custody services

Read more: Deutsche Bank GPP

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 last November.

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 providing.

"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."

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