With the Brexit deadline less than a month away, R.J. O’Brien & Associates announced this Tuesday that it has established a new affiliate, R.J. O’Brien France S.A.S. and that it will open an office in Paris at the end of March, subject to regulatory approval.
R.J. O’Brien is the oldest and largest independent futures brokerage and clearing firm in the United States. The new entity and office gives the firm its first foothold in mainland Europe and will complement its existing offering in the United Kingdom.
Commenting on the news, Chairman and Chief Executive Officer of R.J. O’Brien, Gerald Corcoran said: “We’ve long had a plan to establish a presence in continental Europe that complements our UK offering, which is truly formidable following our work over the past five years.”
“The office gives us another great opportunity to attract brokers and clients throughout the continent. Our record performance in 2018 reinforces that we are on the right trajectory – taking full advantage of our company strengths and scale.”
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“The next couple of years will be exciting, as we expect to continue on the path of acquisition and innovation to ensure we give clients breadth of products and creative new approaches to solving their challenges and managing their risk.”
R.J. O’Brien Continues Global Expansion
The announcement today doesn’t just come ahead of Brexit, which is scheduled for March 29 in less than three weeks time, it also comes at a time when the company is focusing on its global expansion.
In 2018, the futures firm opened its first office in Dubai, as well as levelled up its operations in the UK following its acquisition of The Kyte Group in 2015. At present, the R.J. O’Brien Group has offices in Chicago, New York, London, Paris, Dubai, Hong Kong, Beijing, and Seoul.
“I joined RJO last year to help the firm grow even further strategically, finding new ways to leverage our strengths, partner with other organizations and explore additional acquisition opportunities,” added R.J. O’Brien Senior Managing Director and Chief Strategy Officer Steve Brodsky.
“Many FCMs and industry players are facing daunting challenges, and we have scale, commitment and an unparalleled track record in client service – making us an extremely attractive partner for the right entities.”