Full-service brokerage and investment banking firm Stifel Financial has entered a prime brokerage services referral partnership with global diversified financial services platform Marex Group, which intends to help both firms’ broker-dealer affiliates to better service their hedge fund and investment management clients.
As part of the partnership, Stifel’s institutional sales and trading group will offer Marex’s trading and execution capabilities, including multi-asset-class custody, financing, securities lending and capital introduction, to its institutional client base of hedge fund and investment managers.
In turn, Marex’s institutional clients will have access to Stifel’s research, banking and corporate access offerings, according to a press statement.
Marex provides multi-asset-class institutional prime brokerage services to over 600 clients across various investment strategies, instruments and asset classes.
Stifel offers solutions in block trading, portfolio, and algorithmic trading, ETFs, commission sharing arrangements, options trading and convertible & preferred trading. Its global sales & trading team consists of coverage and sector traders in financial centres in the US, UK, Europe and Canada. The firm is the only US regional broker to operate its own Alternative Trading System, according to the statement.
