J.P. Morgan announces new head of Prime Brokerage in EMEA
Nov 05, 2012
London – J.P. Morgan has appointed David Clarkson to lead its Prime Brokerage operation in Europe, the Middle East and Africa (EMEA). Based in London, he joins the firm from Credit Suisse where he was most recently Chief of Staff in Prime Services. He will report to Teresa Heitsenrether, Global head of Prime Brokerage, and starts later this month.
“Since we launched our European Prime Brokerage offering last year, the amount of clients that we have welcomed onto the platform has outperformed even our own expectations,” said Heitsenrether. “David’s twenty years of experience and invaluable market knowledge will ensure that we continue to deliver on our promise, and stay closely aligned with our clients through product innovation and by drawing on the strength and breadth of our global offering.”
While at Credit Suisse, Clarkson was instrumental in building its Prime Services operation, leading its acquisition of Prime Fund Services from ABN Amro, and holding positions including Global head of Prime Security Services, and head of European and Asian Prime Services. He previously worked at Deutsche Bank as European head of Equity Swaps, and started his career as a Chartered Accountant at Arthur Andersen. He holds a first class honours degree in Economics and Business Finance from Brunel University, and is a member of the Institute of Chartered Accountants.Prime Brokerage is a key part of J.P. Morgan’s Investor Services offering from its Corporate & Investment Bank, which also includes financing, collateral management and custodial services worldwide. The firm launched its European Prime Brokerage operation in June 2011, mirroring its market leading business in the U.S. In 2012, J.P. Morgan placed first in Global Custodian magazine’s global Prime Brokerage Survey, as voted by hedge fund clients; and the top rated bank globally in its Global Custody Survey.