Stifel and Marex Announce Prime Brokerage Referral Partnership
28 Mai 2024 - 2:30PM
Stifel Financial Corp. (NYSE: SF) today announced it has entered
into a prime brokerage services referral partnership with Marex
Group plc (NASDAQ: MRX), a global diversified financial services
platform, to allow both firms’ broker-dealer affiliates to better
service their hedge fund and investment management clients.
Under the terms of the arrangement, Stifel’s institutional sales
and trading group will offer Marex’s trading and execution
capabilities, including multi-asset-class custody, financing,
securities lending, and capital introduction, to its institutional
client base of hedge fund and investment managers. In turn, Marex’s
institutional clients can receive access to Stifel’s award-winning
research, banking, and corporate access offerings.
“Our sales and trading group at Stifel is
primarily driven by the goal of offering our clients exceptional
service coupled with unparalleled value,” said John Spensieri,
Co-Head of Equity Trading at Stifel. “Marex has a well-established
prime brokerage and outsourced trading business, with
technology-powered data, that will complement our emphasis on
offering differentiated products to meet the evolving needs of our
global client base.”
With more than 35 offices worldwide and leveraging access to
over 75 markets and over 100 diverse liquidity sources worldwide,
Marex provides multi-asset-class institutional prime brokerage
services to a diverse base of over 600 clients across a wide range
of investment strategies, instruments, and asset classes.
“Stifel’s multi-asset class expertise, like-minded approach to
client service, award-winning research, and corporate access
relationships represent a significant value-added offering for our
institutional clients,” said Jack Seibald, Global Co-Head of Prime
Brokerage Services and Outsourced Trading at Marex. “This
partnership is a key differentiator that will further enhance our
capabilities and complement efforts to expand the global reach of
both firms.”
Stifel’s global sales & trading team consists of coverage
and sector traders in key financial centers throughout the U.S.,
UK, Europe, and Canada, offering competitive solutions in block
trading, portfolio, and algorithmic trading, ETFs, commission
sharing arrangements, options trading, and convertible &
preferred trading. Stifel is also the only U.S. regional broker to
operate its own Alternative Trading System (ATS).
Stifel Company InformationStifel
Financial Corp. (NYSE: SF) is a financial services holding company
headquartered in St. Louis, Missouri, that conducts its banking,
securities, and financial services business through several wholly
owned subsidiaries. Stifel’s broker-dealer clients are served in
the United States through Stifel, Nicolaus & Company,
Incorporated, including its Eaton Partners business division;
Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC;
and Stifel Independent Advisors, LLC. The Company’s broker-dealer
affiliates provide securities brokerage, investment banking,
trading, investment advisory, and related financial services to
individual investors, professional money managers, businesses, and
municipalities. Stifel Bank and Stifel Bank & Trust offer a
full range of consumer and commercial lending solutions. Stifel
Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer
trust and related services. To learn more about Stifel, please
visit the Company’s website at www.stifel.com. For global
disclosures, please visit
https://www.stifel.com/investor-relations/press-releases.
About Marex:Marex Group plc (NASDAQ: MRX) is a
diversified global financial services platform providing essential
liquidity, market access and infrastructure services to clients
across energy, commodities and financial markets. The Group
provides comprehensive breadth and depth of coverage across four
core services: Clearing, Agency and Execution, Market Making and
Hedging and Investment Solutions. It has a leading franchise in
many major metals, energy and agricultural products, executing
around 129 million trades and clearing 856 million contracts in
2023. The Group provides access to the world’s major commodity
markets, covering a broad range of clients that include some of the
largest commodity producers, consumers and traders, banks, hedge
funds and asset managers. Headquartered in London with more than 35
offices worldwide, the Group has over 2,000 employees across
Europe, Asia and the Americas. For more information visit
www.marex.com.
Media Contacts:
Stifel:Neil Shapiro, +1 (212)
271-3447shapiron@stifel.com
Marex:Nicola Ratchford, +44
7786548889nratchford@marex.com
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