SME story: How STP Partners leverages tech in its financial solutions

Give us a brief history of STP Partners. What inspired you to start the company?

With over two decades of experience in the financial services industry, my career has been built around pioneering new markets, establishing vital client relationships, and steering companies through complex regulatory landscapes.

Before founding STP Partners in 2023, I led a significant sales campaign for Deutsche Securities & Services in Africa, which involved formulating strategies across multiple jurisdictions. This role sharpened my expertise in navigating market challenges and fostering strategic partnerships.

When launching STP Partners, I was particularly influenced by Dubai’s financial sector’s rapid growth and its status as a key global wealth hub. Notably, Dubai houses the Middle East’s highest concentration of resident millionaires and is ranked as the 21st wealthiest city in the world by Henley & Partners in its latest report.

This vibrant backdrop presented an optimal setting for a prime brokerage firm tailored to the sophisticated needs of family offices, high net-worth individuals, and institutional investors. Our mission is to combine innovative solutions with cutting-edge technology to enable our clients’ success and leadership in the financial arena.

What is the firm’s USP when it comes to prime brokerage services?

Our unique value proposition in prime brokerage services is centred around leveraging cutting-edge technology backed by dedicated account managers to give our clients a competitive advantage.

Our advanced trading platforms and algorithmic tools provide real-time market data and actionable insights, enabling our clients to make well-informed investment decisions swiftly. This strategic use of technology ensures our clients are always ahead of the curve in the dynamic financial landscape.

STP Partners is committed to offering comprehensive services that include execution, custody, and settlement, working with globally recognised tier 1 providers. We also offer foreign exchange and lending services across all major asset classes. Our approach not only reduces costs for our clients but also underscores our dedication to delivering exceptional value and service. This comprehensive suite of services and our commitment to leveraging technology are what sets STP apart in the marketplace.

Since launching in 2023, what are some of the firm’s significant achievements?

Since our launch in 2023, we have achieved several significant milestones that underscore our growth and commitment to excellence in the UAE’s financial services industry. Within just seven months of operations, we were providing prime brokerage services to 12 high-profile institutional clients. These clients manage a combined total of over $5bn in assets, reflecting the significant opportunities and trust in the UAE financial market.

Our success can be attributed to our focus on integrating state-of-the-art technology solutions, which include a fully integrated trading and reporting platform and a user-friendly mobile app. These tools have not only enhanced the trading experience but have also supported robust growth in active trading flows, foreign exchange, and assets under custody.

Our client roster, a diverse mix of top-tier asset managers and banks, highlights our firm’s appeal and credibility in the competitive prime brokerage landscape.

What are STP Partners’ strategic growth plans for the near future?

As we continue to evolve, our strategic focus remains steadfast on enhancing our technological platforms and expanding our market presence. This commitment ensures we consistently meet our clients’ needs and adapt to the dynamic financial landscape.

For the latter half of 2024, our primary goal is to deepen client relationships and deliver top-tier services while broadening our geographical footprint to support more institutions in reaching their objectives.

Looking forward, STP Partners is poised for further expansion, particularly with a strategic emphasis on growing our brand within Saudi Arabia and the broader region. This expansion is part of our broader strategy to cement our presence in key markets and extend our reach, thereby reinforcing our commitment to being at the forefront of the financial services industry.