Marex expands structured products offering and commodities business
Marex has agreed to acquire Volcap Trading (‘Volcap’), which will further expand the group’s offering in bespoke structured products and commodities.
Since it was established in 2015, Volcap has built an award-winning soft commodity and bespoke structured product business that designs, structures and implements investment strategies across a wide range of financial assets. The business operates out of offices in London and Paris, with 19 employees and an extensive network of corporate customers, private banks, asset managers and family offices clients across Europe, Middle East, Asia and the Americas.
As part of Marex, Volcap will continue to trade under the Volcap brand and remain under the leadership of Nathan Van Paesschen and Gregory Spaenjaers.
The acquisition is a good fit for the Marex and Volcap businesses, with similar mindsets and entrepreneurial cultures. Both sets of clients benefit from the broader product offering and the synergies for Volcap will be immediate, with the operations integrated directly into the existing Marex client platform.
This is the latest in a series of successful Marex acquisitions that have included execution-only physical oil broker Starsupply, equity derivatives firm XFA in Chicago, recycled metals market-maker Tangent Trading in London, and equity volatility market maker, BIP Asset Management in Paris. Marex has also demonstrated success in growing acquired firms improving earnings from acquisitions and in some cases almost doubling revenues.
Ian Lowitt, CEO of Marex, commented. “Volcap will add to our softs offering and will be a good fit with our fast-growing structured products business, Marex Solutions, which has been an important success for the firm. This addition will not only diversify our earnings but will expand Marex into several new and interesting markets. It is a good example of acquiring an innovative, fast-growing, business that is straightforward to integrate and strengthens our overall client product offering.”
Nathan Van Paesschen co-founder and partner of Volcap, added: “By being part of Marex, we gain scale and new products. There are considerable opportunities to leverage the vast resources and relationships across the entire Marex network. We are excited to be a part of Marex’s growth story.”
