Marex Group is expanding its footprint in European fixed income markets with the planned acquisition of Geneva-based Valcourt SA, a market maker known for its focus on high-yield and emerging market debt.
The deal, set to close in the first half of 2026 pending regulatory approval, marks another step in Marex’s strategy to diversify its client base and strengthen its presence in continental Europe.
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Expanding Reach in Swiss Markets
Valcourt brings with it 700 institutional clients across banks, independent wealth managers, and asset managers — a significant boost to Marex’s distribution network. The acquisition gives Marex direct access to the Swiss institutional ecosystem, where private banking and asset management play a central role.
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Paolo Tonucci, Marex’s Chief Strategist and CEO of Capital Markets, said the move will expand the firm’s capabilities and relationships in a key market. For Marex, which already operates across energy, commodities, and financial markets, Valcourt’s integration enhances its fixed income and credit trading capabilities.
“We are excited to welcome the team from Valcourt to Marex. They bring a high level of expertise in the fixed income markets and will enhance our Capital Markets offering,” he said. “The acquisition also brings us deep local knowledge and strong client relationships, particularly with Swiss institutions, where we see great potential to deepen these relationships by offering access to our broader range of products from across our platform.”
The company has been steadily growing its capital markets division, aligning with its goal to diversify revenue sources beyond traditional commodity trading. Mike Conway, CEO of Valcourt, said the partnership allows clients to tap into Marex’s global infrastructure.
Strategic Fit for Long-Term Growth
By absorbing Valcourt’s expertise in less liquid and sustainable debt instruments, Marex gains a stronger foothold in Europe’s evolving fixed income landscape. The acquisition also reinforces its growing presence among institutional investors looking for diversified debt exposure.
Once approved, the deal will mark another milestone in Marex’s ongoing transformation from a commodities broker into a fully diversified financial services platform with a global reach.
Recently, Marex Group also expanded its services to offer international clients access to China Internationalized Futures Contracts, strengthening its presence in the Asia-Pacific derivatives market.
The company’s clients can now trade and clear 24 futures and options products listed on the Shanghai International Energy Exchange (INE), the Dalian Commodity Exchange (DCE), and the Zhengzhou Commodity Exchange (ZCE), covering commodities including energy, metals, agriculture, and freight.
Read more: Marex Group Acquires UK Market Maker Winterflood in £103.9 Million Cash Deal
This expansion follows approval from the China Securities Regulatory Commission (CSRC), which authorized Marex to operate as an Overseas Intermediary. The designation allows the firm to provide overseas investors with direct connectivity to Chinese exchange-traded derivatives. Earlier this year, Marex also opened a new office in Hong Kong to support its growth in the region.
Additionally, Marex Group disclosed plans to acquire Winterflood Securities from Close Brothers Group plc for approximately £103.9 million in cash, including a £15 million premium, in a move aimed at strengthening its position in the UK cash equities market and diversifying its revenue streams.
