Marex Completes Acquisition Of Cowen’s Prime Brokerage And Outsourced Trading Business

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Marex, the globally diversified financial services platform, has successfully concluded its acquisition of Cowen's prime brokerage and outsourced trading business. This move expands Marex's global reach and enhances its client portfolio.

The acquisition incorporates approximately 160 professionals from the acquired business, situated across eight offices worldwide. Marex Capital Markets, the new entity resulting from the acquisition, will be under the continued leadership of Jack Seibald and Mike Rosen. Both Seibald and Rosen have been at the helm of the business since its establishment in the mid-1990s and its subsequent sale to Cowen in 2015. They will now serve as Global Co-Heads of Marex's Prime Brokerage Services and Outsourced Trading, in addition to joining Marex's Management Executive Committee. This strategic move not only brings key talent into Marex but also integrates crucial elements such as clearing counterparties, trading technologies, and reporting capabilities.

Marex Prime Services and Marex Outsourced Trading offer a full range of services including multi-asset-class custody, high and low touch ...
... execution, financing solutions, security lending, and related technology solutions, and capital introduction.

Marex’s Capital Markets business was formed in 2022 following the acquisition of ED&F Man Capital Markets to provide a full service offering in equities, fixed income, FX, rates, and financing.

Marex Prime Services operates both a direct and introduced prime brokerage business. This is complementary to Marex’s clearing offering, by leveraging Marex’s extensive, global multi-asset class direct clearing capabilities. Marex Outsourced Trading provides trading and execution services to hedge fund and traditional investment manager clients as well as family offices and can also leverage the clearing capabilities of Marex.

Marex is a diversified global financial services platform that provides essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets, with more than 1,800 employees globally across more than 30 offices. For further information, visit www.marex.com

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