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Marex Group plc (NASDAQ: MRX) has announced an agreement to acquire Switzerland-based fixed income market maker Valcourt SA, expanding its reach into the Swiss institutional market.
Based in Geneva, Valcourt specialises in trading and making markets in fixed income instruments including high-yield, subordinated, emerging market, private, illiquid, and sustainable debt. The firm services around 700 institutional clients, comprising banks, independent wealth managers and asset managers.
The acquisition will significantly enhance Marex’s fixed income business, broadening its client base and deepening its distribution network in Switzerland — a key growth market for the group’s capital markets strategy. The transaction remains subject to regulatory approval and is expected to close in the first half of 2026.
Paolo Tonucci, Chief Strategist and CEO of Capital Markets at Marex, said the deal strengthens the firm’s capital markets presence and Swiss institutional relationships.
Paolo Tonucci, Chief Strategist & CEO of Capital Markets, Marex
We are excited to welcome the team from Valcourt to Marex. They bring a high level of expertise in the fixed income markets and will enhance our Capital Markets offering. The acquisition also brings us deep local knowledge and strong client relationships, particularly with Swiss institutions, where we see great potential to deepen these relationships by offering access to our broader range of products from across our platform.
— Paolo Tonucci, Chief Strategist and CEO of Capital Markets, Marex
Mike Conway, CEO of Valcourt, described the partnership as a strong opportunity to leverage Marex’s global infrastructure and client network.
Mike Conway, CEO, Valcourt
We are delighted to join forces with Marex, a global leader in financial services. This partnership represents a fantastic opportunity for Valcourt clients to access Marex’s extensive network and expertise. We look forward to combining our strengths and delivering even greater value to our clients.
— Mike Conway, CEO, Valcourt
The deal forms part of Marex’s broader strategy to add new clients and capabilities across asset classes, diversifying revenue streams and strengthening its institutional footprint in Europe.
Marex Group plc is a diversified global financial services platform providing liquidity, market access and infrastructure services across energy, commodities and financial markets. The company operates through four business lines: Clearing, Agency and Execution, Market Making and Hedging, and Investment Solutions. Marex employs over 2,400 staff across 40 offices globally.
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