Â鶹´«Ã½

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
≔ Menu
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. Marex acquires Cowen’s prime brokerage and trading business
Industry news

Marex acquires Cowen’s prime brokerage and trading business


01 December 2023 US
Reporter: Sophie Downes

Generic business image for news article
Image: 昊 周
Marex, the global financial services platform, has acquired Cowen’s prime brokerage and trading business, extending its global capabilities and client base.

The transaction brings a team of around 160 people from Cowen from eight offices worldwide, as well as all clearing counterparties, trading and reporting technologies.

As part of Marex Capital Markets, Cowen will continue to be led by Jack Seibald and Mike Rosen, who have run the business since its inception in the mid-1990s.

Alongside their role as global co-heads, Seibald and Rosen have been appointed to Marex’s management executive committee.

Formed in 2022, Marex Capital Markets offers services in equities, fixed income, FX, rates and financing.

Commenting on the acquisition, Seibald says: “The transfer to Marex means [our clients] will be interacting with the same teams they have developed relationships with and using the same trading and reporting technologies, ensuring complete continuity of service.

“As part of Marex, there will be significant opportunities to accelerate our global expansion and further strengthen the capabilities of our prime brokerage and outsourced trading businesses.â€

Paolo Tonucci, CEO of Capital Markets at Marex, says: “This well-established business is an ideal addition to our Capital Markets division as we continue to diversify our offering, adding new products, services and asset class coverage.â€
← Previous industry article

BoE and Reserve Bank of India sign MoU
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Â鶹´«Ã½ Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →