GREENWICH, Conn.--(BUSINESS WIRE)--Weeden Prime Services, LLC (“WPS”) announced today that Frank Napolitani has joined the company as President. In this role, Napolitani is responsible for leading the continued expansion of the company’s prime brokerage business focusing on hedge funds, registered investment advisers and family offices.
“Prime services are an integral part of our client offering, and we have made substantial progress adding clients in recent months since the acquisition of Saxis Group in April,” said Andrew Formato, President of Weeden & Co. “Under Frank’s leadership, we expect to build on that success and establish the industry's leading prime brokerage platform.”
“A well-respected industry veteran, Frank has a proven track record of building and managing prime services businesses,” said Sohail Khalid, CEO of Weeden Prime Services, LLC. “We are very pleased to welcome him as a member of our leadership team at WeedenPRIME.”
“I’m truly honored to be joining such a high energy and dedicated management team at Weeden. Their well-established brand in the institutional marketplace coupled with the innovative prime brokerage platform that WeedenPRIME has built including; leading-edge proprietary technology, portfolio and risk reporting, high-touch and electronic trading, capital introduction and access to top-tier custody and clearing partners will prove to be a formidable offering in the marketplace,” commented Frank Napolitani.
Recent Highlights:
- WeedenPRIME was recently nominated for the 2013 HFM Week US Service Awards for “Best Boutique Prime Broker”, “Best Prime Broker – Capital Introduction”, and “Best Prime Broker – Innovation”.
- Two prominent multi-manager investors have chosen the WeedenPRIME platform in order to leverage the institutional infrastructure, expertise and global reach of the Weeden group of companies.
- Following the acquisition, Saxis Group, LLC was renamed Weeden Prime Services, LLC. The move is a natural step toward merging the capabilities of WeedenPRIME and Weeden & Co. and allows clients more seamless access to a greater range of products. The Weeden brand name is well established in the financial industry and this change will be beneficial to the company and its clients alike. (July 2013)
About Weeden & Co., LP
Founded in 1922, Weeden & Co. L.P. provides premier execution services to over 1,500 Institutions worldwide. Its headquarters are in Greenwich CT, with offices in Boston, Rosemont/Chicago, Greenbrae/San Francisco, and Minneapolis.
Weeden Prime Services, LLC
Founded in 2009, Weeden Prime Services, LLC is a full service prime broker focused on providing institutional quality services to hedge funds, registered investment advisers and family offices. WeedenPRIME offers clients a scalable solution for prime brokerage, portfolio and risk reporting, capital raising solutions, automated separately managed account infrastructure, “white glove” client service and access to top-tier custody & clearing partners.