US independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has just established a new affiliate, R.J. O’Brien France S.A.S.
The Paris office will open doors at the end of the month, pending regulatory approval.
RJO Group has recently achieved record revenues and profits for 2018, according to RJO Chairman and Chief Executive Officer Gerald Corcoran.
Last year, the company opened its first office in Dubai and moved into new office space in London following its 2015 acquisition of The Kyte Group.
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. 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.
RJO Senior Managing Director and Chief Strategy Officer Steve Brodsky added:
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. 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.
RJO recently added Joseph B. Raia to its expanding US team.