Ian Lowitt, Marex CEO, commented: We are proud of these results, which reflect a strong organic performance as we continue to drive forward our growth initiatives, diversifying our business by adding products to our service segments and expanding geographically. These more than offset a headwind from very low interest rates. Although the current macroeconomic environment…
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Minneapolis office The company’s new Minneapolis office will serve as a launch pad for further expansion of its listed and OTC offerings, including structured products. Marex Solutions, the OTC arm of the company, will introduce a new North American OTC dairy business out of this hub. Hofstad will lead the new business as a complement…
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Most recently, Fan was Managing Director and Global Head of Commodities at BOC International (BOCI). He also served as CEO and founder of the UK subsidiary of BOCI Before that, he worked for companies like Sumitomo Corporation Equity Asia, Arthur Andersen Business Consulting/BearingPoint, and SAP, Hong Kong. Fan has earned an MBA from the University…
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Ian Lowitt, CEO Marex, commented: Developing Asia Pacific is a central part of our stated global growth strategy, with a key strand being the launch and expansion of an Australian branch. As one of the largest markets for agriculture, energy and metals, Australia is a hugely important geography for our business and where it is…
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Marex and Volcap’s clients will benefit from the acquisition and the broader product offering it brings. Volcap’s operation will be immdiately integrated directly into the existing Marex client platform. Ian Lowitt, CEO of Marex, commented: Volcap will add to our softs offering and will be a good fit with our fast-growing structured products business, Marex…
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The company has identified significant consolidation opportunities within the relatively disjointed territory in which it operates. Within the market, many small players lack the necessary scale and are also beginning to struggle with the increasing burden of regulations and technology. Marex has also managed to demonstrate profitable growth despite the presence of recent market volatility,…
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Arthur Hayes, the former CEO of cryptocurrency exchange platform BitMEX, has surrendered himself in Hawaii to the US authorities and appeared in court on Tuesday. Hayes faces charges suggesting that he did not take necessary action in preventing his innovative start-up from becoming a platform for money laundering crimes. Hayes’ surrender comes six months after…
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Ian Lowitt, CEO of Marex, commented: I am delighted to report another outstanding set of results. With Covid and working from home, 2020 was an extraordinary year and I am truly proud of how our employees stepped up to the challenge. Notwithstanding the market conditions, we continued to perform at a very high level, achieving…
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The CFTC requires Marex and Marex Spectron to pay a fine in the amounts of $250,000 and $120,000, respectively. Both entities would also cease and desists form any further violations of the regulations. Division of Enforcement Director James McDonald commented: The Division of Enforcement will remain vigilant in enforcing minimum capital requirements for registered entities…
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Marex Solutions, a division of global commodities broker Marex Spectron specialising in the manufacture of customised OTC derivatives, has launched a structured investment product offering. This new structured investment business customises notes, backed by Marex Spectron or third-party corporates, and includes capital protected, participation, yield enhancement and leveraged products on commodities, equities, foreign exchange, credit and…
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