Marex has completed the next phase of its acquisition of the ED&F Man Capital Markets business. Today the US and Dubai entities join Marex, following the acquisition of the UK and Australian businesses in September and November.
The ED&F Man Capital Markets business adds 420 employees across the globe, materially enhancing Marex’s client offering and capabilities to serve clients. The acquisition creates a leading franchise in the US, whilst substantially extending its footprint across the APAC region.
Ian Lowitt, CEO of Marex Group, commented: “Today we complete the penultimate phase in our acquisition of ED&F Man Capital Markets. I am pleased to welcome our newest colleagues from the US and Dubai, who will bolster Marex’s expertise across the world as we look to expand our capabilities and services in each of the markets in which we operate. This is a very exciting time for Marex, and we look forward to working together to build an even more competitive and resilient firm.”
Commenting, Jade Moore, Group Executive Director of ED&F Man, said: “We would like to thank all the ED&F Man Capital Markets clients and employees in the US and Dubai transferring to Marex today and to wish them every success in the future. This marks an exciting new era, and I am sure that the business will go from strength to strength.”