HONG KONG, Feb. 9, 2011 /PRNewswire-Asia/ -- Marex, the international specialist derivatives and FX brokerage firm, today announces that it has opened an office in Hong Kong, following the receipt of a Type 2 licence from the Hong Kong Securities & Futures Commission. This development is an important step in further expanding the business in Asia and creates a major new player in the Hong Kong derivatives market.
"We are delighted to have secured a futures broking licence in Hong Kong. Asia is increasingly becoming a hub for commodity derivatives trading and we are keen to grow our presence and our share in the region. We are encouraged that the credibility of the group globally combined with our enhanced brand name is increasing our ability to generate a truly global business. Our clients have told us that they want access to international markets and operational coverage during Asian trading hours, and the SFC licence allows us to provide them with products and high level of services in a fast growing market," commented Gavin Prentice, MD. "The team, led by Anise Lau, bring a wealth of experience and knowledge of the commodities and financial futures market and we are confident that these talented and proven professionals will allow us to continue to provide our clients with excellent service globally."
Through its US based entity, Marex was recently granted a full clearing member status of both the CME Group and ICE US exchanges, thus, expanding Marex's business into North America by providing new and existing customers with execution and clearing services in US markets.
The Hong Kong team:
Anise Lau has over 16 years of experience and joins Marex from Fortis Bank Hong Kong where she was responsible for business development in Asia. Previously, Ms. Lau also worked at Natexis Markets (Asia) Limited, Metallgesellschaft Hong Kong Limited and Wonson Metals And Minerals Limited.
Matthew Dalziel has over 15 years of experience and joins Marex from HSBC where he was Head of Futures Trading and Options Technology in Asia. Previously, Mr. Dalziel served in senior positions at Lehman Brothers, GL Trade, Deutsche Bank and the Commonwealth Bank of Australia.
Fred Lau has over 20 years of experience and joins Marex from Newedge Group, where he was most recently a Director in the Financial Futures and Options Group. Previously, Mr. Lau also served in senior positions at ADMIS (formally Refco), Morgan Stanley Dean Witter, Salomon Smith Barney, Hui You Brokerage and HSBC Brokerage.
Yip Wing has over 15 years of experience and joins Marex from Newedge Group, where he was an AVP in the Financial Futures and Options Group. Previously, Mr. Wing worked at ADMIS (formally Refco), Fimat Hong Kong and Wardley Financial Services Limited.
Homer Deng joins Marex from MF Global where he was an account manager for the LME. Previously, Mr. Deng managed arbitrage funds at Shen Zhen Simding Investments Limited.
Daniel Lim joins Marex from Fortis Bank Hong Kong where he was responsible for market making to institutional and corporate clients in Asia on spot, futures, and options. Previously, Mr. Lim worked at BNP Paribas and Olam International.
About Marex:
Marex is a leading independent futures broker, providing specialist execution, direct market access and clearing services for metals, energy, agriculture, financial futures and foreign exchange markets. Marex's client base includes commodity producers and consumers, banks, brokers, CTA's, hedge funds and professional traders. Marex is a member of the London Metal Exchange, NYSE Liffe, ICE Futures, ICE US, Eurex and the CME Group, and offers access to all other major exchanges in the US and Asia. Marex is headquartered in London, with offices in New York, Geneva and Hong Kong. Marex subsidiaries are regulated by the Financial Services Authority in the UK and by the National Futures Association in the US.
Enquiries:
Ekaterina Alferova
Brunswick Group
ealferova@brunswickgroup.com
+852-3512-5093
Marex Hong Kong:
Marex Hong Kong
Suites 1106-7, 11th Floor
ICBC Tower
Citibank Plaza
3 Garden Road
Central, Hong Kong
www.marex.com