Marex Prime
Providers, a division of economic providers platform Marex, introduced at this time (Thursday)
its growth into Dubai, marking one other step within the firm’s Center East
development technique.
Marex Ramps Up Center East
Operations, Names Najjar to Lead Dubai Group
Furthermore, the
agency has appointed Mazen Najjar, a veteran with over 12 years of expertise in
monetary providers and prime brokerage gross sales throughout the MENA area, to
spearhead its institutional gross sales efforts. Najjar joins Marex after a six-year
tenure at IG Prime, the place he was driving development by means of product launches and
creating partnerships with B2B purchasers.
In his new
position, Najjar will probably be tasked with creating and implementing Marex Prime
Providers’ regional gross sales technique, with a give attention to offering localized help
and tailor-made prime brokerage options to a various shopper base together with
banks, hedge funds, funding managers, and household places of work.
“This
strategic transfer strengthens our present operations and higher positions us to
meet the evolving wants of our purchasers within the area,” Shahab Hashemi, CEO
(MENA) at Marex, commented. “Incorporating prime providers to our providing
permits us to ship extra tailor-made and localized options to hedge funds,
household places of work and different institutional purchasers.”
The
institution of a devoted presence in Dubai enhances Marex’s present
operations within the Center East area and is predicted to strengthen the agency’s
place within the aggressive prime brokerage market.
Simply
yesterday (Wednesday), Marex Group introduced its settlement to accumulate Aarna
Capital Restricted for Center East clearing enterprise. Based mostly in Abu Dhabi, Aarna
Capital supplies clearing, execution and threat administration options.
“This
is an thrilling time for our prime providers staff, and I am trying ahead to
constructing on Marex’s achievements and delivering tailor-made prime brokerage
options to our purchasers,” Najjar himself expressed enthusiasm about his new
position.
Exec Strikes
Marex has
just lately made a number of different key govt adjustments. In June, the corporate
introduced Liz Barrett as the brand new Group Head of HR, beginning June 24, 2023.
Barrett, who brings over twenty years of expertise in monetary providers, has
a sturdy background in world enterprise operations, organizational change, and
tradition initiatives. She succeeds Karen Neffar, who has left the corporate to
discover new alternatives.
Moreover,
in March, Marex enhanced its Group Board by appointing John Pietrowicz.
Beforehand serving because the Chief Monetary Officer at CME Group, Pietrowicz’s
intensive background in monetary markets and regulatory frameworks provides
important worth to Marex. The corporate famous that his deep experience in
company finance, accounting, and mergers and acquisitions will assist Marex
successfully handle the intricate features of market dynamics and compliance
calls for.
This text was written by Damian Chmiel at www.financemagnates.com.
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