After nearly two decades, Gavin Parker, the former
Chief Operating Officer of Sucden Financial, is moving to Marex’s newly launched
Abu Dhabi entity. His arrival followed Marex’s acquisition of Aarna
Capital, an Abu Dhabi-based clearing, execution, and risk management firm.
A Long Tenure in Financial Operations
Parker has over 25 years of industry experience,
including 17 years at Sucden Financial in London. He served as COO from 2015 to
2024, overseeing a wide range of functions including IT, back office
operations, and client services, after joining the firm as the Director of
Information Systems.
Before his tenure at Sucden, he held roles at several
major financial technology and banking firms, including Trading Technologies,
ION Trading, RTS Realtime Systems, Fortis Bank, and Mizuho. Parker confirmed the information about the new role on LinkedIn, saying: “I’m happy to share that I’m starting a new position as Chief Operating Officer at Marex Capital (AD) Limited!”
Marex Doubles Down on MENA Region
Marex has recently intensified its focus on the Middle
East and North Africa. The acquisition of Aarna Capital secures regulatory footing in the UAE and brings local market expertise and client
relationships into Marex’s ecosystem.
Last year, Marex Group announced a deal to buy Aarna Capital Limited in a push to expand operations in the Middle East and enhance its
clearing business. The acquisition, as reported by financemagnates.com, enabled
the company to access nearly 180 local clients, comprising institutional
investors, family offices, and corporate clients.
“This acquisition meets our strict financial criteria and is at an attractive valuation, representing three to four times expected profit after tax,” said Ian Lowitt, CEO of Marex. “We also retain some firepower from the capital raised in our IPO to support further growth investments, as we look to continue to expand and diversify our business.”
Marex Group plc went public last year, listing on the
Nasdaq stock exchange under the ticker MRX. The group filed for an IPO in the
United States after the company dropped plans for a listing in the United
Kingdom in 2021.
This article was written by Jared Kirui at www.financemagnates.com.
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