Global financial services platform Marex Group Plc (NASDAQ:MRX) has opened a new office in Auckland, New Zealand, as it expands its operations in Asia Pacific and extends its global environmental offering, aligned with its strategy to diversify its business and increase earnings resilience.
Marex’s New Zealand office will provide expertise in the financial and commodity markets with an experienced team, led by Nigel Brunel, who brings to Marex almost two decades of experience in global commodities. The team will initially serve New Zealand-based and global clients with agency and execution and clearing services across carbon, electricity and dairy, in listed and over the counter (OTC) products.
This new office marks another step in Marex’s strategy to expand its geographic reach across Asia Pacific, adding more clients and connecting those clients to more markets. It also supports Marex’s strategy to grow its global environmental offering, which covers over 50 products across carbon management, clean energy and recycled metals, and support its clients as they transition to a low carbon economy.
Marex will launch a new customer-focused carbon trading platform, Neon Carbon, for domestic compliance credits. Neon Carbon, which was developed in response to demand from New Zealand market participants, will be managed by a dedicated team of experts who have a range of experience dating back to the establishment of the Emissions Trading Scheme in New Zealand.
In 2023 Marex became a futures clearing and trading participant of the Australian Securities Exchange (ASX) and the Singapore Exchange (SGX), meaning New Zealand clients can also benefit from clearing directly through Marex on ASX and SGX, in addition to global exchanges, without the need to go through a third party clearer.
