Stifel Financial Corp. has entered into a prime brokerage services referral partnership with Marex Group, 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 awardwinning 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 represents 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).
