Marex in Exclusive Negotiations with OTCex Group for Voice Brokerage Buyout

Fazzaco learned that Marex, an essential tech-enabled liquidity hub connecting clients to global energy, commodity and financial markets, has today announced that it is in exclusive negotiations with OTCex Group to purchase its voice brokerage activities, mostly from HPC SA, OTCex Hong Kong, and OTCex LLC.

According to Marex, OTCex voice brokerage services is headquartered in Paris, with businesses throughout London, Dubai, Hong Kong, New York, Paris, Milan, Tel-Aviv and Lisbon, and employs approximately 200 staff worldwide. 

Commenting on this potential transaction, Marex considers that it will provide a number of synergies to both parties. "OTCex will benefit from access to Marex's global infrastructure and balance sheet, and the addition of OTCex will strengthen Marex's capabilities in Equities and Fixed Income," the company states. OTCex regards this project as "a superb opportunity of corporate backing and consolidation with a worldwide growing leading player".

After informing and consulting the OTCex Employee Representative Bodies, the final agreement is expected to reach, according to the announcements of both parties. Besides, full and definitive completion of these transactions will be subject to prior approval by all relevant Regulatory Bodies.

Rebranding Achieves Higer Growth

Before this transaction, Marex has witnessed excellent financial performance in FY 2021 with 31% increase in net revenues since it has taken a series of strategic actions after its rebranding on March 31, 2021. After the brand change, the company established partnerships in a number of areas, including cryptocurrencies, while accelerating its global expansion with offices in Australia and Minneapolis in the United States. Moreover, the company also expanded the product range by launching Italian Cross-Asset Investment Certificates. 

As Marex has stated that it would continue to achieve strong growth both organically and through strategic acquisitions, this new project signals the further step to achieve its sound growth in FY 2022.