Marex Group plans to acquire Winterflood Securities from Close Brothers for about £103.9 million. Winterflood, a leading UK equity market maker with a market share of approximately 15%, serves over 400 institutional clients and enhances client connections through its platform.
The deal aims to grow Marex’s UK cash equities, attract new clients, diversify earnings, and expand distribution to UK institutions, including asset and wealth managers, strengthening relationships with broader product access.
Winterflood also offers outsourced dealing, settlement, and custody services.
Pending regulatory approval, the deal is expected to be completed in early 2026.
KEY QUOTES:
“This acquisition gives us an opportunity to transform our existing equity market making business into a leading franchise, utilising the technology and connectivity of what is the leading brand in this market. This deal is consistent with our strict financial criteria, and we see opportunities to materially improve Winterflood’s profitability and pay back its premium within two to three years. We believe we can gain economies from operating at scale and also benefit from Winterflood’s great technology and strong client relationships, which will enable us to introduce additional products and services from across our platform to a new set of clients.”
Ian Lowitt, Chief Executive Officer, Marex
“We’re delighted to become part of Marex, which is a high-growth, global financial services company with a strong balance sheet. Our clients will continue to be served by the same team, while also benefiting from the backing of a large and growing company as well as access to a broader range of products and services from Marex. We’re excited to be joining a fast-paced organisation where our teams can thrive.”
Bradley Dyer, CEO, Winterflood Securities
“We see Marex as an excellent steward for the business going forward, we thank the Winterflood team for their hard work and commitment over the years and wish them every success in their next chapter with Marex.”
Mike Morgan, Group Chief Executive, Close Brothers
