On 7 July 2022 ED&F Man confirmed that it had reached agreement with the diversified global financial services platform, Marex Group plc (‘Marex’), to acquire ED&F Man Capital Markets.
Marex is a diversified global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the commodities, energy and financial markets. Marex maintains a strong balance sheet with prudent capital and liquidity positions and has an investment grade credit rating. Marex was established in 2005 but through its subsidiaries can trace its roots in the commodity markets back almost 100 years. Headquartered in London with 22 offices worldwide, the Marex Group has over 1,100 employees across Europe, Asia and the Americas.
For ED&F Man Capital Markets’ clients, this acquisition will create a combined business that will be more competitive, diversified and resilient with a stated commitment to providing an enhanced client offering as well as increased opportunities for its employees.
Marex’s longstanding strategy has been to grow the firm and increase diversity of earnings, both by product and geography, and this transaction accomplishes that. We are confident that this union will be in the best interests of all stakeholders.
This is an exciting time for the firm, and we anticipate a bright future for the combined businesses.
A copy of the statement issued by Marex can be accessed via this link: https://www.marex.com/news/2022/08/marex-to-acquire-edf-man-capital-markets/