Marex Group has strengthened its management by appointing Terry Hollingsworth because the International Head of Futures Clearing Gross sales. Within the function primarily based in London, he will probably be chargeable for enterprise generations globally.
The appointment got here as part of Marex’s acquisition of the monetary companies unit of ED&F Man Group. The 2 firms initially agreed on the deal in August for a reported value of $220 million. Hollingsworth is one among round 125 London-based ED&F Man Capital Markets workers who both joined or will probably be becoming a member of Marex.
“We’re including a lot of new shoppers and a few nice folks to Marex, which is able to end in a extra aggressive and resilient agency,” Marex’s CEO, Ian Lowitt, mentioned earlier.
Nevertheless, the takeover of the London unit of ED&F Man in October got here because the deal’s first part. The acquisition of the remaining entities in North America, Hong Kong, the DIFC and Australia are nonetheless pending regulatory approvals and are anticipated to be closed by the top of the continuing yr.
An Business Veteran
At ED&F Man Capital Markets, Hollingsworth Industrial Director for Futures and Choices Clearing, having the duties of administration and improvement of the corporate’s all futures and choices clearing desks. He joined that firm in September 2019 as a Managing Director and Head of Institutional Gross sales Listed Derivatives.
Hollingsworth is a monetary business veteran with round 26 years of expertise working for a number of prime firms. He began his profession in 1996 at Merrill Lynch, becoming a member of the Wall Road financial institution as a Futures Analyst and spending 4 years within the function. He spent the subsequent decade working for ABN AMRO Futures and UBS as a Futures Clearing Supervisor and the ETD Regional Head of Clearing, respectively.
He spent one other 9 years at Citi. He joined the financial institution because the EMEA Head of ETD Clearing and climbed the ranks through the years to grow to be the EMEA Head of ETD & OTC Clearing Options & Head of eTrading Distribution after which EMEA Head of Futures, Clearing & Collateral Consumer Govt Gross sales. He parted with the banking big because the International Head of Futures, Clearing and Collateral Consumer Govt Gross sales, based on his Linkedin profile.
Marex Group has strengthened its management by appointing Terry Hollingsworth because the International Head of Futures Clearing Gross sales. Within the function primarily based in London, he will probably be chargeable for enterprise generations globally.
The appointment got here as part of Marex’s acquisition of the monetary companies unit of ED&F Man Group. The 2 firms initially agreed on the deal in August for a reported value of $220 million. Hollingsworth is one among round 125 London-based ED&F Man Capital Markets workers who both joined or will probably be becoming a member of Marex.
“We’re including a lot of new shoppers and a few nice folks to Marex, which is able to end in a extra aggressive and resilient agency,” Marex’s CEO, Ian Lowitt, mentioned earlier.
Nevertheless, the takeover of the London unit of ED&F Man in October got here because the deal’s first part. The acquisition of the remaining entities in North America, Hong Kong, the DIFC and Australia are nonetheless pending regulatory approvals and are anticipated to be closed by the top of the continuing yr.
An Business Veteran
At ED&F Man Capital Markets, Hollingsworth Industrial Director for Futures and Choices Clearing, having the duties of administration and improvement of the corporate’s all futures and choices clearing desks. He joined that firm in September 2019 as a Managing Director and Head of Institutional Gross sales Listed Derivatives.
Hollingsworth is a monetary business veteran with round 26 years of expertise working for a number of prime firms. He began his profession in 1996 at Merrill Lynch, becoming a member of the Wall Road financial institution as a Futures Analyst and spending 4 years within the function. He spent the subsequent decade working for ABN AMRO Futures and UBS as a Futures Clearing Supervisor and the ETD Regional Head of Clearing, respectively.
He spent one other 9 years at Citi. He joined the financial institution because the EMEA Head of ETD Clearing and climbed the ranks through the years to grow to be the EMEA Head of ETD & OTC Clearing Options & Head of eTrading Distribution after which EMEA Head of Futures, Clearing & Collateral Consumer Govt Gross sales. He parted with the banking big because the International Head of Futures, Clearing and Collateral Consumer Govt Gross sales, based on his Linkedin profile.
