Marex board chair steps down (MRX:NASDAQ)

Marex, a commodities broker, appointed a former executive from Hong Kong Exchanges and Clearing (HKEX) as the new head of its Asia prime services division. The move aims to strengthen Marex's presence in the Asian market. No financial details were disclosed.

Marex's Winterflood division offers UK retail investors access to Jersey Mike's (JMKE) IPO via its platform. JMKE is floating 43.48 million shares on the NYSE at $23 per share. 75% of investors received full allocation, according to the company. This is the second retail offer under the UK's new POP regime.

Marex Group (NASDAQ: MRX) reported record Q2 2026 results. Revenue rose 39% to $695.8 million and adjusted profit before tax increased 56% to $165.9 million. Profit after tax more than doubled to $155.3 million and basic EPS rose 103% to $2.09. For H1, revenue was $1,388.1 million (+43%) and adjusted PBT $318.6 million (+57%).

Marex Group (NASDAQ: MRX) reported Q2 results with revenue up 39% year over year to about $696 million and adjusted net income up 61% to $124 million, or $1.64 per share, versus analyst estimates of $589 million revenue and $1.36 per share. All four segments rose, and the company cited active acquisitions, with six deals closed and two pending.

Marex Group plc reported record Q2 2026 adjusted profit before tax of $166 million, up 56% year on year, though exchange volumes fell 17% sequentially. Adjusted PBT margin rose to 24%. Management expects growth at the upper end of a 10% to 20% target range, with BrightPoint closing late 2026/early 2027 and margin expansion continuing gradually.

Marex reported record adjusted profit before tax of $318m for the first half, up 79% year on year, and record Q2 adjusted profit before tax of $165.9m. Q2 after-tax profit was $155.3m, including a $35.1m gain from selling Winterflood’s custody business. Marex cited redomiciliation to Bermuda and revenue growth across segments.