Marex Agrees to Acquire Financial Services Division of ED&F Man

by Jeremy

Marex Group announced the agreement on Monday to acquire ED&F Man Capital Markets, which is the financial services unit of ED&F Man Group. The companies are expected to close the deal by the end of 2022.

Though the companies did not disclose financial details of the deal, Marex pointed out that the ED&F Man’s financial division generated more than $235 million in revenues in 2021 and has approximately 450 employees globally.

“The business is an excellent fit with our existing capabilities, and I am excited by the opportunity of working across the significantly strengthened and expanded global footprint,” said Ian Lowitt, the CEO of Marex Group. “Marex is gaining a high-quality global team.”

The acquisition came with Marex’s growth ambitions and push for earning diversities, both in terms of product and geography.

Additionally, Marex elaborated that the purchase of ED&F Man’s financial division would expand its client offering in clearing and further add to the metal franchise and business in fixed income and equities , which are still in the nascent stage.

To add to that, ED&F Man Capital Markets will expand the footprint of Marex in Dubai and the APAC region, and it will also create a leading US franchise.

“Underscoring our commitment to grow and better serve our clients, this acquisition creates a more competitive, diversified and resilient firm which will provide an enhanced client offering, as well as more opportunities for our staff,” Lowitt added.

Many Acquisitions

Earlier, Marex revealed that it is in advanced talks for the acquisition of voice brokerage activities of OTCex Group. In addition, it highlighted that there has been a 25 percent increase in the acquisition portfolio of the company over the past three years, while the profits have jumped 190 percent.

“Over the decade since its creation, ED&F Man Capital Markets has grown to become a financial brokerage operating at the heart of the global financial services ecosystem,” said ED&F Man’s Group Executive Director, Jade Moore.

“The sale of ED&F Man Capital Markets is very much in line with our group’s strategic plan to focus on our core soft commodities trading businesses.”

Marex Group announced the agreement on Monday to acquire ED&F Man Capital Markets, which is the financial services unit of ED&F Man Group. The companies are expected to close the deal by the end of 2022.

Though the companies did not disclose financial details of the deal, Marex pointed out that the ED&F Man’s financial division generated more than $235 million in revenues in 2021 and has approximately 450 employees globally.

“The business is an excellent fit with our existing capabilities, and I am excited by the opportunity of working across the significantly strengthened and expanded global footprint,” said Ian Lowitt, the CEO of Marex Group. “Marex is gaining a high-quality global team.”

The acquisition came with Marex’s growth ambitions and push for earning diversities, both in terms of product and geography.

Additionally, Marex elaborated that the purchase of ED&F Man’s financial division would expand its client offering in clearing and further add to the metal franchise and business in fixed income and equities , which are still in the nascent stage.

To add to that, ED&F Man Capital Markets will expand the footprint of Marex in Dubai and the APAC region, and it will also create a leading US franchise.

“Underscoring our commitment to grow and better serve our clients, this acquisition creates a more competitive, diversified and resilient firm which will provide an enhanced client offering, as well as more opportunities for our staff,” Lowitt added.

Many Acquisitions

Earlier, Marex revealed that it is in advanced talks for the acquisition of voice brokerage activities of OTCex Group. In addition, it highlighted that there has been a 25 percent increase in the acquisition portfolio of the company over the past three years, while the profits have jumped 190 percent.

“Over the decade since its creation, ED&F Man Capital Markets has grown to become a financial brokerage operating at the heart of the global financial services ecosystem,” said ED&F Man’s Group Executive Director, Jade Moore.

“The sale of ED&F Man Capital Markets is very much in line with our group’s strategic plan to focus on our core soft commodities trading businesses.”

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