Marex closes acquisition of HPC SA and OTCex
Marex today announced the completion of the acquisition of select entities from OTCex Group.
This deal, which includes HPC SA, OTCex Hong Kong and OTCex LLC, was first announced in June 2022. The addition of HPC/OTCex strengthens Marex’s capabilities in Equities, Structured Products, Fixed Income and Commodities.
Headquartered in Paris, the HPC/ OTCex businesses have operations in London, Dubai, Hong Kong, New York, Paris, Lisbon and Tel-Aviv. These businesses and over 200 employees are now part of Marex Group. As part of the transaction the OTCex and HPC brands (including HPC Investment Partners) will be transferred to Marex.
Fred Metz, CEO of HPC/OTCex, commented:
“This is an exciting time for all of us and a great opportunity for HPC/OTCex. We look forward to a bright future as part of an innovative, profitable and growing global group.”
Ian Lowitt, CEO of Marex, commented:
“The acquisition represents further delivery against our strategy of building out our product offering and geographic footprint, adding around 800 new clients to our franchise. The acquired entities complement and expand our equity and fixed income offerings, whilst adding to our leading energy and agricultural commodities franchises. With access to our global infrastructure and balance sheet, we are confident that together we can continue to deliver sustainable growth and better serve our global client base.”