Marex Witnesses 29% YoY Jump in Net Revenues during H1 2022
- Client activity increased sharply in the first half of 2022.
- Revenues related to market making climbed 84%.
On 18 August, Marex reported its financial results for the six months ended 30 June 2022. With net revenues of $334.1 million, Marex saw solid growth of 29% YoY in the mentioned period. During the first half of 2021, the company posted net revenues of $259 million.
In an official announcement, Marex highlighted that the company’s market making business along with the execution and clearing business showed substantial growth during the first six months of 2022. Revenues related to market making jumped from $55 million in H1 2021 to $101 million in H1 2022.
As far as execution and clearing business is concerned, revenues touched $117 million, which is 36% higher compared to the same period last year.
“I am extremely pleased to report another record half-year result, which demonstrates the earnings power of our franchise against the strong comparative periods of 2021 and 2020, which benefited from Covid-related volatility. I am proud of how our business has successfully navigated the recent market volatility, which at times has been extremely challenging, continuing to provide liquidity and support to our clients. This performance also underlines how our growth strategy of investing to increase the range of what we can offer our clients, whilst also diversifying the firm, is bearing fruit – and how profitable we can be when supported by macroeconomic tailwinds,” Ian Lowitt, the Chief Executive Officer of Marex, said.
Acquisition
Earlier this year, Marex announced the acquisition of ED&F Man Capital Markets. Through the acquisition, Marex is planning to expand its offerings. According to Lowitt, the company’s acquisition strategy will play an important role in its global expansion.
“The acquisition of ED&F Man Capital Markets will represent a significant milestone for the firm, transforming our scale and Marex's reach across products and geographies. These are exciting times for Marex as we continue to realize our ambitions and execute our strategic plan,” Lowitt added.
On 18 August, Marex reported its financial results for the six months ended 30 June 2022. With net revenues of $334.1 million, Marex saw solid growth of 29% YoY in the mentioned period. During the first half of 2021, the company posted net revenues of $259 million.
In an official announcement, Marex highlighted that the company’s market making business along with the execution and clearing business showed substantial growth during the first six months of 2022. Revenues related to market making jumped from $55 million in H1 2021 to $101 million in H1 2022.
As far as execution and clearing business is concerned, revenues touched $117 million, which is 36% higher compared to the same period last year.
“I am extremely pleased to report another record half-year result, which demonstrates the earnings power of our franchise against the strong comparative periods of 2021 and 2020, which benefited from Covid-related volatility. I am proud of how our business has successfully navigated the recent market volatility, which at times has been extremely challenging, continuing to provide liquidity and support to our clients. This performance also underlines how our growth strategy of investing to increase the range of what we can offer our clients, whilst also diversifying the firm, is bearing fruit – and how profitable we can be when supported by macroeconomic tailwinds,” Ian Lowitt, the Chief Executive Officer of Marex, said.
Acquisition
Earlier this year, Marex announced the acquisition of ED&F Man Capital Markets. Through the acquisition, Marex is planning to expand its offerings. According to Lowitt, the company’s acquisition strategy will play an important role in its global expansion.
“The acquisition of ED&F Man Capital Markets will represent a significant milestone for the firm, transforming our scale and Marex's reach across products and geographies. These are exciting times for Marex as we continue to realize our ambitions and execute our strategic plan,” Lowitt added.