In December, ASIC approved Marex to operate in Australia with its OTC derivative products, futures execution, clearing services, and broader OTC offerings.
Marex has appointed Arthur Fan as Head of Asia Pacific (APAC), where he will be responsible for the management and growth strategy in the region, with a focus on China and Australia.
Reporting to Marex chief executive Ian Lowitt, will aim to fulfil the company’s growth strategy in the APAC region, where more than 70 employees are currently based out, namely in Hong Kong, Singapore, and Australia.
Marex acquired ASIC license
Arthur Fan joins Marex from BOC International, where he was Managing Director and Global Head of Commodities. He was also the CEO and founder of the UK subsidiary of BOCI.
Prior to that, he played a number of different roles at Sumitomo Corporation Equity Asia, Arthur Andersen Business Consulting/BearingPoint, and SAP, Hong Kong.
Fan will be based in Singapore to better coordinate the teams at his disposal in order to achieve the firm’s goals of establishing a strong presence in the Asia Pacific, with an emphasis on Australia and China.
In December, ASIC approved Marex to operate in Australia with its OTC derivative products, futures execution, clearing services, and broader OTC offerings. Besides acquiring the ASIC license, Marex has opened an office in Sydney, from where the operation will be based.
The Sydney office will be led by Nick Burke, head of APAC Sales for Marex Solutions. The Marex Australia team, which will be under his responsibility, will provide local clients with OTC derivative products to hedge commodity and foreign exchange price risk.
Marex Australia will then expand its product set to include futures execution, clearing services and broader OTC offerings.
Ian Lowitt, Chief Executive Officer at Marex, commented: “Developing Asia Pacific is a central part of our stated global growth strategy, with a key strand being the launch and expansion of an Australian branch. As one of the largest markets for agriculture, energy and metals, Australia is a hugely important geography for our business and where it is essential to have a physical presence. We look forward to offering our comprehensive risk management solutions to the Australian agricultural, commodity and financial sector”.
Partnership with Coinbase Prime
Marex has recently been covered for its institutional crypto derivatives trading offering launched together with Coinbase Prime.
The agency-only model adopted by Coinbase Prime suits Marex Solutions’ Derivatives Engine, allowing for multi-venue liquidity and best execution, enabling attractive pricing and reliable secondary market liquidity.
Marex Solutions offers a broad range of products within a wide list of crypto-underlyings, either in a securitised or in an Over-the-Counter (OTC) format.
It already has several innovations in the crypto market, including the first ever autocallable on a crypto currency and the first ever securitised cash and carry trade on bitcoin.