GPP, a prime broking, investor services and wealth solutions firm, has hired Andrew Rae-Moore to join its prime brokerage team.

Rae-Moore joins GPP from Morgan Stanley, where he has spent more than 18 years on the prime brokerage desk of its institutional equities division, rising to COO of client coverage. Before that he worked as an analyst on the bank’s international equities desk in New York.

In his new role Rae-Moore will work alongside GPP’s COO, Todd Johnson, to drive the growth of its prime brokerage business. He will be responsible for building new client relationships to support the industry’s emerging hedge fund managers with GPP’s comprehensive prime broking solutions.

Rae-Moore will report to Julian Parker, GPP’s CEO. His appointment follows a number of recent senior additions to the GPP team: Tiffany Roberts joined as Head of Compliance in April, and in January James Parker joined as Chief Risk Officer and Todd Johnson as COO. Todd now leads GPP’s prime brokerage operations, supported by Andrew.

GPP has grown significantly since its launch in 2008, as small and mid-sized hedge funds have responded to its seamless technology, tailored service and commitment to partnering managers of all sizes through important stages of growth.

Julian Parker, CEO, GPP, says: “Andrew has impressive experience from his time on Morgan Stanley’s prime brokerage desk, with expertise spanning custody, securities financing, derivatives and clearing services. His client relationship skills and the knowledge he has gained from a range of management roles will be invaluable to our hedge fund clients and instrumental to the healthy growth of our business.”