Marex Spectron today announces the launch of Marex Financial Products, a structured note business that broadens its range of product offerings and helps diversify the firm’s funding.
Marex Financial Products is part of Marex Solutions, the firm’s OTC derivatives arm, and leverages Solutions’ fast growing fintech platform which was initially deployed for OTC commodity hedging. This gives investors the ability to build their own structured notes across numerous asset classes, with a range of payoffs and underlyings.
As part of Marex Spectron, Marex Financial Products is the first non-bank affiliated structured note issuer to hold a S&P Investment Grade rating.
Marex Financial Products is headed by Joost Burgerhout, former managing director at Société Générale, who is joined by five others from Société Générale, one from Morgan Stanley and another from Hellier Capital.
Ian Lowitt, Marex Spectron’s Chief Executive Officer, commented: “Launching Marex Financial Products broadens the range of products we can offer to our existing clients, and attracts new clients to the firm. It also, importantly, strengthens our funding.”
Nilesh Jethwa, Marex Solutions’ Chief Executive Officer, added: “We see increasing scope for non-investment bank specialist providers to disrupt the marketplace as investors look for issuer diversification. There is room for a fresh approach. We believe that our fintech setup and entrepreneurial mindset sets us apart from competitors, enabling us to offer a broad and flexible range of products to investors, both in hedging and in structured notes.
“To launch Marex Financial Products we have assembled a very talented team with proven track-records from leading organizations and deep knowledge of the structured note market. We are excited about what we can build together.”