Marex Agrees Terms to Acquire UK FX Specialist Hamilton Court Group
Marex Group plc - Ordinary Shares (MRX)
Company Research
Source: GlobeNewswire
LONDON, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (‘Marex’ or the ‘Group’; NASDAQ: MRX), the diversified global financial services platform, today announces that it has agreed terms to acquire Hamilton Court Group which will expand the foreign exchange (FX) services it offers clients, consistent with its strategy to bring new clients and new capabilities onto its platform and diversify its earnings. Headquartered in London, Hamilton Court Group offers a full suite of FX products, ranging from bespoke complex FX options and derivative structures to more ‘vanilla’ products such as forwards, spots and swaps. Its clients are primarily mid-sized UK and European corporates and it has about 170 employees located in London, Milan, Madrid, and Toronto. The acquisition of Hamilton Court Group, which is subject to contract and regulatory approval, would be complementary to Marex’s existing FX operations. Ian Lowitt, CEO of Marex, commented: “This agreement supports
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