Marex Acquires Cowen's Prime Brokerage and Outsourced Trading Business

Marex has completed the acquisition of Cowen's prime brokerage and outsourced trading business, adding roughly 160 employees across eight global offices along with clearing counterparties and trading/reporting technologies. The business will join Marex Capital Markets and continue to be led by Jack Seibald and Mike Rosen as part of Marex's effort to expand its prime services, execution and multi-asset clearing capabilities globally.