Ex-Citi Soliman launches new PoP venture

Backed by New Zealand-based Stater Holdings, the firm is targeting sub-$50m hedge funds and retail brokers

A New Zealand kiwi crossing-sign
Kiwi approach: prime-of-prime service is backed by New Zealand-based Stater Holdings

Despite the proliferation of prime-of-prime (PoP) providers since early 2015, some hedge funds and retail brokers are still struggling to access credit and markets, says Ramy Soliman, chief executive of newly-launched Stater Global Markets, which is targeting its new PoP service at institutional clients.

The company is backed by New Zealand-based Stater Holdings and regulated by the Financial Conduct Authority (FCA), as a result of acquiring a UK-based brokerage at the end of July. The credit in