Global financial services platform Marex Group Plc (NASDAQ:MRX) has opened a new office in Auckland, New Zealand, as it expands its operations in Asia Pacific and expands its global environmental offering, in line with its strategy to diversify its business and increasing earnings resilience.
Marex’s New Zealand office will provide financial and commodity markets expertise with an experienced team, led by Nigel Brunel, who brings nearly two decades of global commodities experience to Marex. The team will initially serve New Zealand-based and global clients with agency and execution and clearing services in coal, electricity and dairy, in listed and over-the-counter (OTC) products.
This new office marks another step in Marex’s strategy to expand its geographic reach across Asia Pacific, adding more clients and connecting those clients to more markets. It also supports Marex’s strategy to grow its global environmental offering, which covers more than 50 products in carbon management, clean energy and recycled metals, and supports its customers as they transition to a low-carbon economy.
Marex will launch a new customer-centric carbon trading platform, Neon Carbon, for domestic compliance credits. Developed in response to demand from New Zealand market participants, Neon Carbon will be managed by a dedicated team of experts who have a range of experience dating back to the inception of New Zealand’s emissions trading system.
In 2023 Marex became a participant in Australian Securities Exchange (ASX) and Singapore Exchange (SGX) futures clearing and trading contracts, meaning New Zealand clients can also benefit from direct clearing through Marex on ASX and SGX, in addition to global stock exchanges, without the need to go through a third party more clearly.