Marex Agrees to Acquire Financial Services Division of ED&F Man
- It will help Marex to expand its offering in clearing and tap several markets.
- The deal is expected to be closed at the end of 2022.
Marex Group announced the agreement on Monday to acquire ED&F Man Capital Markets, which is the financial services unit of ED&F Man Group. The companies are expected to close the deal by the end of 2022.
Though the companies did not disclose financial details of the deal, Marex pointed out that the ED&F Man’s financial division generated more than $235 million in revenues in 2021 and has approximately 450 employees globally.
“The business is an excellent fit with our existing capabilities, and I am excited by the opportunity of working across the significantly strengthened and expanded global footprint,” said Ian Lowitt, the CEO of Marex Group. “Marex is gaining a high-quality global team.”
The acquisition came with Marex’s growth ambitions and push for earning diversities, both in terms of product and geography.
Additionally, Marex elaborated that the purchase of ED&F Man’s financial division would expand its client offering in clearing
Clearing
Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th
Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th
Read this Term and further add to the metal franchise and business in fixed income and equities
Equities
Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa
Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa
Read this Term, which are still in the nascent stage.
To add to that, ED&F Man Capital Markets will expand the footprint of Marex in Dubai and the APAC region, and it will also create a leading US franchise.
“Underscoring our commitment to grow and better serve our clients, this acquisition creates a more competitive, diversified and resilient firm which will provide an enhanced client offering, as well as more opportunities for our staff,” Lowitt added.
Many Acquisitions
Earlier, Marex revealed that it is in advanced talks for the acquisition of voice brokerage activities of OTCex Group. In addition, it highlighted that there has been a 25 percent increase in the acquisition portfolio of the company over the past three years, while the profits have jumped 190 percent.
“Over the decade since its creation, ED&F Man Capital Markets has grown to become a financial brokerage operating at the heart of the global financial services ecosystem,” said ED&F Man’s Group Executive Director, Jade Moore.
“The sale of ED&F Man Capital Markets is very much in line with our group’s strategic plan to focus on our core soft commodities trading businesses.”
Marex Group announced the agreement on Monday to acquire ED&F Man Capital Markets, which is the financial services unit of ED&F Man Group. The companies are expected to close the deal by the end of 2022.
Though the companies did not disclose financial details of the deal, Marex pointed out that the ED&F Man’s financial division generated more than $235 million in revenues in 2021 and has approximately 450 employees globally.
“The business is an excellent fit with our existing capabilities, and I am excited by the opportunity of working across the significantly strengthened and expanded global footprint,” said Ian Lowitt, the CEO of Marex Group. “Marex is gaining a high-quality global team.”
The acquisition came with Marex’s growth ambitions and push for earning diversities, both in terms of product and geography.
Additionally, Marex elaborated that the purchase of ED&F Man’s financial division would expand its client offering in clearing
Clearing
Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th
Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th
Read this Term and further add to the metal franchise and business in fixed income and equities
Equities
Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa
Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa
Read this Term, which are still in the nascent stage.
To add to that, ED&F Man Capital Markets will expand the footprint of Marex in Dubai and the APAC region, and it will also create a leading US franchise.
“Underscoring our commitment to grow and better serve our clients, this acquisition creates a more competitive, diversified and resilient firm which will provide an enhanced client offering, as well as more opportunities for our staff,” Lowitt added.
Many Acquisitions
Earlier, Marex revealed that it is in advanced talks for the acquisition of voice brokerage activities of OTCex Group. In addition, it highlighted that there has been a 25 percent increase in the acquisition portfolio of the company over the past three years, while the profits have jumped 190 percent.
“Over the decade since its creation, ED&F Man Capital Markets has grown to become a financial brokerage operating at the heart of the global financial services ecosystem,” said ED&F Man’s Group Executive Director, Jade Moore.
“The sale of ED&F Man Capital Markets is very much in line with our group’s strategic plan to focus on our core soft commodities trading businesses.”