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StoneX Group Inc. (NASDAQ: SNEX) has completed its acquisition of The Benchmark Company, LLC, originally announced March 11, expanding the global financial services firm's investment banking and equity research capabilities across technology, industrials, consumer, and healthcare sectors.
The transaction integrates Benchmark's seasoned investment banking team and institutional sales, trading, and research professionals into StoneX's institutional division, while maintaining the Benchmark brand for client continuity.
"This acquisition represents a strategic step in broadening our capital markets capabilities," said Jacob Rappaport, Global Head of Equities at StoneX. The deal positions StoneX to leverage Benchmark's sector expertise and client relationships across high-growth markets.
Benchmark's 37-year history since its 1988 founding brings established relationships and specialized knowledge to StoneX's global cross-asset platform, enabling expanded distribution and enhanced research capabilities for institutional clients.
The combined entity aims to deliver enhanced resources to Benchmark's existing client base while providing StoneX clients access to deeper capital markets insights. "Joining StoneX gives us the ability to scale our reach and leverage a global cross-asset product platform," said Richard Messina, Benchmark's Founder and CEO.
Anthony Di Ciollo, President of StoneX Financial Inc., emphasized the expansion potential: "Benchmark clients will benefit from expanded resources and distribution, while existing StoneX clients gain access to greater insights and capabilities across capital markets."
The acquisition is planned to strengthen StoneX's position in the institutional space, adding investment banking capabilities to complement its existing clearing, execution, and risk management services. With over 4,400 employees serving 54,000 commercial and institutional clients across 70+ global offices, StoneX continues expanding its comprehensive financial services network.
