Stephen Hood has been promoted from chief risk officer, North America to head of clearing, Americas at Marex.
He began working with Marex following its acquisition of ED&F Man Capital Markets in 2022, where he has served as global chief operating officer and global chief risk officer.
In an announcement on social media, Hood explained: “I have had the opportunity to develop deep relationships with our clients and stakeholders, witnessing the incredible growth of our clearing business in the US.
“In my new role, I’m excited to continue driving this growth, working with our partners to deliver the industry-leading service and results the Marex team is known for.”
Prior to joining ED&F Man Capital Markets, New York-based Hood spent 12 and a half years at MF Global, most recently as US head of market risk.
Before that he worked as an options market maker at the American Stock Exchange, and a programmer at Prebon Yamane.