Marex is pleased to join the UK Structured Products Association (UKSPA) as its newest member with immediate effect.
Marex offers structured products through its division, Marex Solutions.
Marex Solutions specialises in the manufacture and distribution of derivative products across all asset classes, including digital assets. Since September 2019, Marex Solutions has issued over $3bn notional of structured notes across Europe, North America and Asia.
The UKSPA was first established in 2009 by the leading manufacturers of structured products in the UK. Including Marex, it has grown to 18 members today (including Barclays, Cirdan Capital Management, Citi, Credit Agricole, CIB, Credit Suisse,Deutsche Bank, Dura Capital, Goldman Sachs, Hilbert, HSBC, JP Morgan, Marex, Mariana Capital, Morgan Stanley, RBC Capital Markets, Societe Generale, Tempo Structured Products and Wisdom Tree), who represent a significant majority of the UK market. UKSPA provides a unified voice for its members, working with regulators, financial advisers and other trade bodies. It serves a number of important functions including engaging with regulators, developing best practice, educating the investment community and providing information for manufacturers, financial advisers and retail investors within the UK.
Zak De Mariveles, Chairman of the UKSPA, commented:
“The ongoing changes in the regulatory environment, combined with the many challenges facing investors today, mean it’s more important than ever that UKSPA allows firms to collaborate and represent structured products in a united way. We are therefore delighted to welcome Marex as our newest member and look forward to having them work alongside our existing members to help us drive the UK structured product industry forward.”
Nilesh Jethwa, Chief Executive Officer of Marex Solutions, added:
“We are pleased to join as a member of the UKSPA, a well-respected industry body within the structured products space. We look forward to working with fellow members to navigate and lead on the challenges of regulation and sustainable finance that lie ahead.”
