Global Prime Partners, a London-based
boutique prime brokerage, has received regulatory approval from the Securities
& Futures Commission (SFC) of Hong Kong.
Following its approval, Global Prime
Partners will now begin trading from its Hong Kong office, and will provide
execution and prime brokerage services to Asian based fund managers, family
offices and professional traders.
The office will be headed by Alastair
Sclater, who joined the firm in 2014 following stints at UBS, Mizuho Securities
As a boutique prime brokerage, Global Prime
aims to capture demand from smaller and medium sized fund managers, which have
largely been dropped as clients by the larger banks and brokering firms.
“The opening of our Hong Kong office
demonstrates our long term commitment to client servicing in Asia… The entire
broking industry is experiencing a new wave of demand from sophisticated
investors who are finding it harder to attract the attention of banks and
custodians,” said Julian Parker, CEO, Global Prime Partners.