Global financial services platform Marex today announced that it has agreed to acquire Cowen’s legacy prime brokerage and outsourced trading business, as it continues to grow and diversify its offering and its client base.
The transaction is expected to complete by the end of the year, subject to customary closing conditions, including regulatory approvals.
Cowen’s legacy prime brokerage and outsourced trading business is a leading service provider, offering a full range of services including multi-asset-class custody, high and low touch execution, financing solutions, security lending, and related technology solutions, and capital introduction.
The acquisition bolsters Marex’s provision of essential market infrastructure that connects clients to markets and also provides it with an additional established client base of asset…
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