Global Prime Partners Adds Tom Wooders as Head of Sales

Global Prime Partners (GPP) has appointed Tom Wooders as its newest Head of Sales, Broker-Dealers and Intermediaries, according to a GPP statement.

In his new role as the Head of Sales for GPP’s broker-dealers and intermediaries, Mr. Wooders will be responsible for fostering the group’s global Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term and custody services. He joins GPP with nearly two decades of experience in the financial services and sales realm, having held senior level roles at JP Morgan, BNY Pershing, State Street, and Broadridge.

According to Julian Parker, Chief Executive of Global Prime Partners, in a recent statement on the hire, "Tom’s appointment reflects our commitment to growing our clearing and custody operations as we look to provide more and more investors with access to products and levels of service they are increasingly being denied by banks.”

“We are delighted to have attracted someone of Tom’s caliber and look forward to benefiting from his extensive financial experience,” Parker added.

Global Prime Partners provides a number of clearing and custody services, part of an extensive suite of services that also includes a prime brokerage offering. The group deals with Client Money Client Money Client money refers to the money or margin – which may be any currency in the form of cash, check, draft, or electronic transfer – that a firm receives or holds for a client. Money held by a firm in the form of a stakeholder, which is are not payable on demand or immediately due, also refers to client money. The definition of client money does not apply to money held by businesses that operate in its own name on behalf of a client. Although the client does have to be in agreement before this arr Client money refers to the money or margin – which may be any currency in the form of cash, check, draft, or electronic transfer – that a firm receives or holds for a client. Money held by a firm in the form of a stakeholder, which is are not payable on demand or immediately due, also refers to client money. The definition of client money does not apply to money held by businesses that operate in its own name on behalf of a client. Although the client does have to be in agreement before this arr Read this Term and asset segregation as well targeting asset managers, broker-dealers, among others

Earlier this year, GPP appointed Andrew Bole as its Chief Operating Officer (COO). Mr. Bole joined GPP from IG Group Holdings, where he served as its risk officer since May 2000.