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Stifel and Marex Announce Prime Brokerage Referral Partnership

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Rhea-AI Sentiment
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Rhea-AI Summary

Stifel Financial Corp. (NYSE: SF) and Marex Group plc (NASDAQ: MRX) announced a prime brokerage services referral partnership on May 28, 2024. This collaboration will enable Stifel's institutional clients to access Marex's trading and execution services, including multi-asset-class custody, financing, securities lending, and capital introduction. Conversely, Marex's clients will benefit from Stifel's award-winning research, banking, and corporate access offerings. The partnership aims to leverage both firms' strengths to better serve their hedge fund and investment management clients, extending their global reach and enhancing client service.

Positive
  • Stifel's clients gain access to Marex's advanced trading and execution services.
  • Marex's clients benefit from Stifel's award-winning research and corporate access.
  • Partnership extends global reach for both firms, enhancing client service.
  • Marex offers services in over 75 markets and sources liquidity from 100 diverse sources.
  • Stifel's global team provides competitive solutions in various trading domains such as block trading and ETFs.
Negative
  • No immediate financial impact or revenue figures mentioned in the PR.
  • Potential risks related to integration and execution of the partnership.

Insights

The partnership between Stifel Financial Corp. and Marex Group plc could significantly impact the services and capabilities of both firms. By leveraging Marex's advanced trading and execution services, Stifel can provide enhanced multi-asset-class custody, financing, securities lending and capital introduction services to its institutional clients. This can attract more hedge funds and investment managers to utilize Stifel's offerings, potentially boosting the firm's revenue streams and client base.

On the other hand, Marex clients will benefit from Stifel's acclaimed research, banking and corporate access capabilities. This could lead to better-informed investment decisions and more effective portfolio management for Marex's clientele. The collaboration showcases a strategic move to combine strengths and optimize services for both parties, possibly leading to increased market share and client satisfaction.

For investors, this partnership indicates a forward-thinking strategy to stay competitive in the evolving financial services landscape. However, it's essential to monitor the actual impact on revenue growth and client acquisition over the coming quarters. The success of this partnership will ultimately depend on the seamless integration of services and the tangible benefits realized by institutional clients.

This collaboration can be seen as a strategic alliance aimed at amplifying the value proposition for both firms. Stifel's access to Marex's prime brokerage services, powered by extensive market reach and technology-driven data, can strengthen its institutional service offerings. The ability to provide multi-asset-class solutions could attract a diverse range of clients, enhancing competitive positioning in the market.

Marex, in turn, gains the advantage of integrating Stifel's award-winning research and corporate access into its suite of services. This could translate to higher client retention and acquisition rates for Marex, as access to high-quality research is a key differentiator in the competitive prime brokerage space.

From an investor's perspective, the collaboration suggests that both firms are positioning themselves to better serve sophisticated investment strategies. The potential for improved client engagement and expanded service offerings could drive growth. It's important to observe how quickly and effectively these services are adopted and the resultant impact on market performance.

Stifel Clients to Gain Access to Marex’s Trading and Execution Services; Marex Clients to Leverage Stifel’s Award-Winning Research

ST. LOUIS and LONDON, May 28, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced it has entered into a prime brokerage services referral partnership with Marex Group plc (NASDAQ: MRX), a global diversified financial services platform, to allow both firms’ broker-dealer affiliates to better service their hedge fund and investment management clients.

Under the terms of the arrangement, Stifel’s institutional sales and trading group will offer Marex’s trading and execution capabilities, including multi-asset-class custody, financing, securities lending, and capital introduction, to its institutional client base of hedge fund and investment managers. In turn, Marex’s institutional clients can receive access to Stifel’s award-winning research, banking, and corporate access offerings.

“Our sales and trading group at Stifel is primarily driven by the goal of offering our clients exceptional service coupled with unparalleled value,” said John Spensieri, Co-Head of Equity Trading at Stifel. “Marex has a well-established prime brokerage and outsourced trading business, with technology-powered 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 over 75 markets and over 100 diverse liquidity sources worldwide, Marex provides multi-asset-class institutional prime brokerage services to a diverse base of over 600 clients across a wide range of investment strategies, instruments, and asset classes.

“Stifel’s multi-asset class expertise, like-minded approach to client service, award-winning research, and corporate access relationships represent a significant value-added 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 firms.”

Stifel’s global sales & trading team consists of coverage and sector traders in key financial centers throughout the U.S., UK, Europe, and Canada, offering competitive solutions in block trading, portfolio, and algorithmic trading, ETFs, commission sharing arrangements, options trading, and convertible & preferred trading. Stifel is also the only U.S. regional broker to operate its own Alternative Trading System (ATS).

Stifel Company Information
Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners business division; Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC; and Stifel Independent Advisors, LLC. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit https://www.stifel.com/investor-relations/press-releases.

About Marex:
Marex Group plc (NASDAQ: MRX) is a diversified global financial services platform providing essential liquidity, market access and infrastructure services to clients across energy, commodities and financial markets. The Group provides comprehensive breadth and depth of coverage across four core services: Clearing, Agency and Execution, Market Making and Hedging and Investment Solutions. It has a leading franchise in many major metals, energy and agricultural products, executing around 129 million trades and clearing 856 million contracts in 2023. The Group provides access to the world’s major commodity markets, covering a broad range of clients that include some of the largest commodity producers, consumers and traders, banks, hedge funds and asset managers. Headquartered in London with more than 35 offices worldwide, the Group has over 2,000 employees across Europe, Asia and the Americas. For more information visit www.marex.com.

Media Contacts:

Stifel:
Neil Shapiro, +1 (212) 271-3447
shapiron@stifel.com

Marex:
Nicola Ratchford, +44 7786548889
nratchford@marex.com 

 


FAQ

What is the recent partnership announced by Stifel Financial Corp. (NYSE: SF)?

Stifel has entered into a prime brokerage services referral partnership with Marex Group plc.

How will Stifel's clients benefit from the partnership with Marex?

Stifel's clients will gain access to Marex's trading and execution services, including multi-asset-class custody, financing, and securities lending.

What advantages do Marex's clients gain from the partnership with Stifel?

Marex's clients will benefit from Stifel's award-winning research, banking, and corporate access offerings.

What is the global reach of Marex's services?

Marex operates in over 75 markets and sources liquidity from more than 100 diverse liquidity sources.

What trading solutions does Stifel offer through its global sales and trading team?

Stifel offers competitive solutions in block trading, portfolio and algorithmic trading, ETFs, commission sharing arrangements, options trading, and convertible & preferred trading.

Stifel Financial Corp.

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