Marex has entered an agreement to acquire European fixed income market maker, Valcourt.
Paolo Tonucci
Specifically, the deal will integrate 700 clients into Marex’s business, from firms spanning banks, independent wealth managers and asset managers, and is expected to support Marex in bolstering its fixed income business.
Additionally, the acquisition of the Geneva-based firm is set to allow Marex to bring the Swiss institutional community under the umbrella of its distribution offering, to help diversify the firm’s platform and its earnings.
“We are excited to welcome the team from Valcourt to Marex,” said Paolo Tonucci, chief strategist and chief executive of capital markets at Marex.
“They bring a high level of expertise in the fixed income markets and will enhance our Capital Markets offering. The acquisition also brings us deep local knowledge and strong client relationships, particularly with Swiss institutions, where we see great potential to deepen these relationships by offering access to our broader range of products from across our platform.”
The acquisition is currently scheduled to close in H1 2026, subject to regulatory approval.
Valcourt’s current offering specialises in fixed income instruments, including high-yield, subordinated, emerging markets, private, illiquid, and sustainable debt.
Mike Conway, chief executive of Valcourt, said: “We are delighted to join forces with Marex, a global leader in financial services. This partnership represents a fantastic opportunity for Valcourt clients to access Marex’s extensive network and expertise.”
The deal follows other recent acquisition news for Marex in recent months. In July, the firm announced that it was set to acquire UK equity market maker Winterflood Securities from Close Brothers in a cash deal valued at approximately £103.9 million.
The acquisition is expected to support the growth of Marex’s UK cash equities business, and support the expansion of its services to UK institutional clients through a broader suite of products, particularly in asset and wealth management sectors.