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 and Newedge.
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.