Marex Spectron continues to strengthen its capabilities in the physical energy and shipping markets with the acquisition of Marquee Oil Broking Limited, a specialist provider of physical fuel oil broking services.
The acquisition includes the founder Adam Trehane, who set up the business in 2014, one director and two senior brokers.
Marex Spectron energy has a leading share across multiple energy markets, with teams based in London, New York, Houston, Connecticut, Calgary, Oslo and Singapore. This acquisition contributes to its capabilities in the physical market, which today also includes top-tier physical gasoline and shipping franchises.
Jeremy Elliott, Managing Director Energy at Marex Spectron, commented: “We are delighted to be joined by Adam and the Marquee Oil broking team. This is a natural extension of our market-leading energy platform and broadens Marex Spectron’s capabilities to service top-tier global clients. With the impending IMO 2020 fuel oil spec changes, we see new opportunities to expand our coverage across the global physical and derivative markets.”
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