1 Mar 2011
Brian Stutman has been appointed Managing Director and Head of Global Prime Services at Direct Access Partners, LLC, as part of an enhancement of the firm’s global prime brokerage platform. Direct Access Partners is a multi-asset trading partner to clients including pension funds, mutual funds and hedge funds.
The firm’s enhanced offering provides comprehensive custodial, trading and capital introduction services. It is targeting an optimal solution for hedge funds with under $500 million in assets under management.
Direct Access Partners is one of a few correspondent brokers to Goldman Sachs Execution and Clearing. Clients may choose among a broad selection of DMA platforms including Knight Trader and Redi+.
Stutman is a 12 year veteran of the correspondent prime brokerage industry and is to lead the new offering. “The Direct Access Partners Global Prime Services is perfectly suited to partner with small and mid-sized hedge funds,” he said. “We have the trading expertise of the NYSE floor, upstairs and DMA platforms, operational expertise combined with unparalleled marketing acumen and relationships of our Capital Alternatives Group. Our partnership approach will help our clients reach their marketing, operational and trading objectives.”
Direct Access Partners is a multi-asset class trading partner to a broad range of clients. It clears and executes in 115 international markets providing anonymity through a diverse set of high-touch and electronic execution options. Direct Access Partners has offices in New York, Boston, Miami and is on the NYSE trading floor.
The firm has a strong operational foundation and technology platform and provides a wide range of trading-related services including prime brokerage, corporate access, independent research and commission management. Its Capital Alternatives Group offers hedge fund clients integrated capital introduction and capital raising.
The firm’s enhanced offering provides comprehensive custodial, trading and capital introduction services. It is targeting an optimal solution for hedge funds with under $500 million in assets under management.
Direct Access Partners is one of a few correspondent brokers to Goldman Sachs Execution and Clearing. Clients may choose among a broad selection of DMA platforms including Knight Trader and Redi+.
“With these enhancements and new leadership, the Direct Access Partners Global Prime Services platform is on par with our world-class institutional trading business,” said Ben Chinea, CEO of Direct Access Partners. “Prime clients gain access to our value-added services including corporate access, commission management and access to independent research.”
Stutman is a 12 year veteran of the correspondent prime brokerage industry and is to lead the new offering. “The Direct Access Partners Global Prime Services is perfectly suited to partner with small and mid-sized hedge funds,” he said. “We have the trading expertise of the NYSE floor, upstairs and DMA platforms, operational expertise combined with unparalleled marketing acumen and relationships of our Capital Alternatives Group. Our partnership approach will help our clients reach their marketing, operational and trading objectives.”
Direct Access Partners is a multi-asset class trading partner to a broad range of clients. It clears and executes in 115 international markets providing anonymity through a diverse set of high-touch and electronic execution options. Direct Access Partners has offices in New York, Boston, Miami and is on the NYSE trading floor.
The firm has a strong operational foundation and technology platform and provides a wide range of trading-related services including prime brokerage, corporate access, independent research and commission management. Its Capital Alternatives Group offers hedge fund clients integrated capital introduction and capital raising.
