Marex completed the acquisition of the financial services division of ED&F Man Group for $235m.

Marex, the diversified global financial services platform, completed the acquisition of the financial services division of ED&F Man Group, a global agricultural commodities merchant, for $235m. "We are delighted to welcome the ED&F Man Capital Markets team to Marex. The business is an excellent fit with our existing capabilities, and I am excited by the opportunity of working across the significantly strengthened and expanded global footprint. Marex is gaining a high-quality global team. Underscoring our commitment to grow and better serve our clients, this acquisition creates a more competitive, diversified and resilient firm which will provide an enhanced client offering as well as more opportunities for our staff. This is an exciting time for the firm, and we anticipate a bright future for the combined businesses," Ian Lowitt, Marex Group CEO.