Marex completed the acquisition of Cowen’s legacy prime brokerage and outsourced trading business from Cowen.

Marex, a financial services platform, completed the acquisition of Cowen’s legacy prime brokerage and outsourced trading business from TD Bank Group, an American national bank. Financial terms were not disclosed. “This transaction advances our strategy, increasing our capabilities to connect clients to markets in new ways across multiple geographies. Mike and Jack have built a terrific business, and its addition to Marex broadens the range of essential infrastructure we provide to clients, as well as creating opportunity for Marex to provide additional services to a new set of clients. Expanding our Capital Markets business also adds to our diversification and to the resilience of our franchise," Ian Lowitt, Marex CEO.