Stifel Financial, a financial services holding company headquartered in St Louis, Missouri, has entered into a prime brokerage services referral partnership with Marex Group.
The partnership will allow both companies’ broker-dealer affiliates to better service their hedge fund and investment management clients, the firms say.
Under the terms of the arrangement, Stifel’s institutional sales and trading group will offer Marex’s trading and execution capabilities to its institutional client base of hedge funds and investment managers.
These capabilities include multi-asset class custody, financing, securities lending, and capital introduction.
In turn, Marex’s institutional clients can receive access to Stifel’s research, banking, and corporate access offerings.
Commenting on the news, John Spensieri, co-head of equity trading at Stifel, says: “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.”
Jack Seibald, global co-head of prime brokerage services and outsourced trading at Marex, adds: “This partnership is a key differentiator that will further enhance our capabilities and complement efforts to expand the global reach of both firms.”
