In a transfer
to increase its world footprint, Marex, a diversified monetary companies
platform, has accomplished the acquisition of Cowen’s prime brokerage and
outsourced buying and selling enterprise. This transfer brings Marex a wealth of extra assets,
together with a crew of roughly 160 professionals from eight worldwide
workplaces and a set of buying and selling and reporting applied sciences and clearing
counterparties.
The newly
acquired enterprise, now a part of Marex Capital Markets, will proceed beneath the
management of Jack Seibald and Mike Rosen, who’ve been on the helm since its
inception within the mid-Nineteen Nineties. Their expertise and experience can be used to combine the brand new companies into Marex’s current construction. Each Seibald and
Rosen have additionally been appointed to Marex’s Administration Government Committee.
Cowen’s
prime brokerage division gives numerous companies, encompassing custody
for a number of asset courses, options for financing, securities lending,
know-how choices, and complete capital companies. The choice to
purchase the corporate was first introduced over two months in the past, and in response to
as we speak’s (Friday’s) assertion, the acquisition was finalized.
“Our
shoppers can count on the identical excessive stage of service they’re accustomed to, with
the additional benefit of Marex’s in depth assets,” Seibald commented,
expressing optimism in regards to the merger , emphasizing the continuity of service for
current shoppers.
The
acquisition additional solidifies Marex’s place within the monetary companies
sector. Marex Prime Providers and Marex Outsourced Buying and selling, which provide a full
vary of merchandise, together with multi-asset-class custody and execution, at the moment are
poised for development. This transfer follows Marex’s formation of its Capital Markets
enterprise in 2022.
“This
acquisition not solely strengthens our market infrastructure but in addition broadens
our consumer base,” mentioned Paolo Tonucci, the CEO of Capital Markets at Marex.
The corporate
just lately expanded its presence in Asia and Australia by changing into an SGX member and
ASX clearing participant. Based on the corporate, it ended the primary half of
2023 with greater than $11.8 billion in buyer belongings, clearing on 57 exchanges.
In a transfer
to increase its world footprint, Marex, a diversified monetary companies
platform, has accomplished the acquisition of Cowen’s prime brokerage and
outsourced buying and selling enterprise. This transfer brings Marex a wealth of extra assets,
together with a crew of roughly 160 professionals from eight worldwide
workplaces and a set of buying and selling and reporting applied sciences and clearing
counterparties.
The newly
acquired enterprise, now a part of Marex Capital Markets, will proceed beneath the
management of Jack Seibald and Mike Rosen, who’ve been on the helm since its
inception within the mid-Nineteen Nineties. Their expertise and experience can be used to combine the brand new companies into Marex’s current construction. Each Seibald and
Rosen have additionally been appointed to Marex’s Administration Government Committee.
Cowen’s
prime brokerage division gives numerous companies, encompassing custody
for a number of asset courses, options for financing, securities lending,
know-how choices, and complete capital companies. The choice to
purchase the corporate was first introduced over two months in the past, and in response to
as we speak’s (Friday’s) assertion, the acquisition was finalized.
“Our
shoppers can count on the identical excessive stage of service they’re accustomed to, with
the additional benefit of Marex’s in depth assets,” Seibald commented,
expressing optimism in regards to the merger , emphasizing the continuity of service for
current shoppers.
The
acquisition additional solidifies Marex’s place within the monetary companies
sector. Marex Prime Providers and Marex Outsourced Buying and selling, which provide a full
vary of merchandise, together with multi-asset-class custody and execution, at the moment are
poised for development. This transfer follows Marex’s formation of its Capital Markets
enterprise in 2022.
“This
acquisition not solely strengthens our market infrastructure but in addition broadens
our consumer base,” mentioned Paolo Tonucci, the CEO of Capital Markets at Marex.
The corporate
just lately expanded its presence in Asia and Australia by changing into an SGX member and
ASX clearing participant. Based on the corporate, it ended the primary half of
2023 with greater than $11.8 billion in buyer belongings, clearing on 57 exchanges.
