Boutique prime broker Global Prime Partners (GPP) has appointed Deutsche Bank to provide execution, clearing and custody services for its emerging managers, professional traders and boutique broker dealers.
It comes after it appointed BNY Mellon in November last year to provide custodial and clearing services.
Julian Parker, CEO at Global Prime Partners, 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.”