Ian Lowitt, CEO of Marex Group, commented:
Jade Moore, Group Executive Director of ED&F Man, said:
Over the decade since its creation, ED&F Man Capital Markets has grown to become a financial brokerage operating at the heart of the global financial services ecosystem. On completion, a new chapter will start as part of Marex and with the benefit of their market leading platform. The sale of ED&F Man Capital Markets is very much in line with our group’s strategic plan to focus on our core soft commodities trading businesses.
The latest acquisition follows the recent expansion of the Group’s offering in structured products and commodities with Volcap Trading and that of its product range with acquisition of Chicago-based equity derivatives firm XFA.