Marex, the globally diversified financial services platform, has successfully finalized the acquisition of Cowen's prime brokerage and outsourced trading business. This strategic move enhances Marex's global capabilities and expands its client base. The acquisition includes a team of approximately 160 professionals from the acquired business, spanning eight offices worldwide, along with all associated clearing counterparties, trading technologies, and reporting technologies.

Under the umbrella of Marex Capital Markets, the business will be under the continued leadership of Jack Seibald and Mike Rosen. Both Seibald and Rosen have been at the helm of the business since its establishment in the mid-1990s and played a key role in its growth until the acquisition by Cowen in 2015. Beyond their roles as Global Co-Heads of Marex's Prime Brokerage Services and Outsourced Trading, Seibald and Rosen have also assumed positions on Marex's Management Executive Committee.

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