Stifel Financial Corp. (NYSE:SF) announced today that it has entered into a partnership with Marex Group plc (NASDAQ:MRX), a global diversified financial services platform that enables the broker-dealer affiliates of both companies to better serve hedge fund and investment management clients.
Under the terms of the agreement, Stifel’s institutional sales and trading group will offer Marex’s trading and execution capabilities, including custody, financing, securities lending and capital injection, to the institutional hedge fund client base and managers investments. In turn, Marex’s institutional clients can access Stifel’s award-winning research, banking and corporate offerings.
“Our sales and trading group at Stifel is driven primarily by the goal of providing our clients with exceptional service coupled with unmatched value,” said John Spensieri, Co-Head of Equity Trading at Stifel. “Marex has an established core outsourced brokerage and trading business with technology-driven 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 more than 75 markets and over 100 different sources of liquidity worldwide, Marex provides institutional multi-asset prime brokerage services on a diverse basis with over 600 clients across a wide range of investment strategies, instruments . and asset classes.
“Stifel’s multi-asset expertise, like-minded approach to client service, award-winning research and corporate access relationships represent a significant value-add 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 companies.”
Stifel’s global sales and trading team consists of hedge and sector traders in key financial centers throughout the US, UK, Europe and Canada, offering competitive solutions in block, portfolio and algorithmic trading, ETFs, commission allocation agreements , option trading and convertible & preferred trading. Stifel is also the only US regional broker that operates its own alternative trading system (ATS).