Marex North America CEO Ram Vittal Talks About Geopolitical Events, Market Disruptions and its ED&F Man Acquisition at FIA Expo 2022

John Lothian

John Lothian

Executive Chairman and CEO

Ram Vittal, CEO of Marex North America, was on a panel at FIA Expo 2022 about recent geopolitical events and their effect on the markets. John Lothian News spoke with him following the panel, and he talked about market disruptions, the threat of nuclear war, and Marex’s October acquisition of ED&F Man Capital Markets Limited’s UK business.

The consensus of the panel was that markets performed quite efficiently, Vittal said, despite major disruptions like the Russian invasion of Ukraine and its effect on energy, grains and metals. He said there was greater disruption in Europe than in the U.S.  

“Given the context of how unprecedented this is, the markets did well,” he said.

He also talked about markets sometimes not having adequate liquidity, and whether there should be a mechanism to have a more favorable treatment for market makers and hedgers.

He said that when he joined Marex in 2020, the company’s segregated funds were at about $1.5 billion, and in the two years since then seg funds have more than tripled to about $5 billion. 

“One of our defining propositions is that we are interested in technology and have some of the most advanced technology in the industry,” Vittal said. “But most importantly, we pride ourselves on client service. This is a client service business.”

Marex closed its acquisition of ED&F in the UK in October 2022, and it has received all the regulatory approvals in the U.S.  Vittal said that together Marex and ED&F would have about $9 billion in segregated funds, which would make them one of the largest independent FCMs in North America, if not the largest.

But, he said, quantity and size is not as important as the quality of Marex’s growth over the past two years. 

He said the acquisition is exciting because the two companies are very complementary in their offerings. Marex has a very strong presence in agriculture, and ED&F has a very strong presence in financial clients, he said. “And ED&F has some capabilities on the brokerage side,” he added. 

“I think ED&F was very capital constrained in the last couple of years. Marex has a really good capital structure. So marry that with the capabilities of ED&F and some of our own governance and entrepreneurial culture and I feel extremely optimistic about the next two to five years,” Vittal said. 

ICE to Start Rival Gas Market in London to Sidestep EU Price Cap

ICE to Start Rival Gas Market in London to Sidestep EU Price Cap

First Read Hits & Takes John Lothian & JLN Staff Thank you to all who replied to my request to help one of my Eagle Scouts who was recently laid off on the West Coast and is looking for new opportunities in the climate tech and sustainability space. You are...

We visit more than 100 financial news websites daily (Would YOU do that?)

The Spread

Todays  Options Newsletter

Now Read This

William Knottenbelt – The History of Financial Futures – Part Two

William Knottenbelt – The History of Financial Futures – Part Two

William Knottenbelt was interviewed by John Lothian for The History of Financial Futures video series at the FIA EXPO 2022 as he was preparing to leave the CME Group. He joined the CME Group in 2008 after being approached by then CME Executive Bryan Durkin while Knottenbelt was the head of global futures for the Royal Bank of Scotland, which had been taken over by the U.K. government during the financial crisis that year.

Investment in VettaFi Sets Up TMX to Grow Information Business in Canada and Globally

Investment in VettaFi Sets Up TMX to Grow Information Business in Canada and Globally

TMX Group recently invested in VettaFi, what it described as “a US-based, privately owned data, analytics, indexing, digital distribution, and thought leadership company” and TMX Chief Operating Officer Jay Rajarathinam spoke with JLN about the investment and other happenings going on at the exchange group.

Rajarathinam said TMX was seeking to expand into more information businesses and cited the acquisition of Wall Street Horizon as an example. Wall Street Horizon is a provider of global market-moving action and global corporate event data.

William Knottenbelt – The History of Financial Futures – Part One

William Knottenbelt – The History of Financial Futures – Part One

William Knottenbelt said he likes to call himself a third generation commodity trader. Both his father and grandfather were commodities traders and had their own firms in Indonesia. Despite that background, Knottenbelt said he thought he wanted to be an accountant.

That thought did not last long after he secured a job at a commodity firm and realized he wanted to be on the trading side. Czarnikow offered him a job in London, but Knottenbelt wanted to work in France, so he was sent to its French subsidiary.

Marex’s Guy Wolf talks about ESG and carbon markets at FIA Expo 2022

Marex’s Guy Wolf talks about ESG and carbon markets at FIA Expo 2022

Dr. Guy Wolf, Global Head of Market Analytics at Marex, spoke with John Lothian News at FIA Expo 2022 about ESG – particularly the environmental part.  He said Marex is looking to be carbon neutral this year and has invested in a mangrove restoration and reforestation project in Indonesia to offset its own footprint.  Becoming carbon neutral is also critical for the company’s clients, who are heavily involved in commodities. 

Pin It on Pinterest

Share This Story