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The global financial services firm StoneX Group Inc. (NASDAQ: SNEX) has today finalised its acquisition of Paris-based fixed income specialist Octo Finances SA, marking a significant expansion of its European operations.
The completion follows regulatory approval from the French banking regulator ACPR, which was pending when the deal was first announced in October 2024. At that time, both firms outlined their strategic vision for combining StoneX's global reach with Octo Finances' established European client base of approximately 500 institutional investors.
Anthony Di Ciollo, Global Head of Fixed Income, StoneX
Anthony Di Ciollo, Global Head of Fixed Income at StoneX, who previously highlighted the strategic importance of the acquisition, today confirmed the deal's completion: "We're thrilled to officially welcome Octo Finances to StoneX Group and believe the company will provide us with significant new capabilities. Our joint planning is well underway, and we are excited by the opportunities for growth for the combined business in Europe."
The acquisition strengthens StoneX's position in the European fixed income market, building upon their previous strategic moves including the purchase of G.X. Clarke and Co. in 2015. Octo Finances, founded in 1991 by Talabor Szabo and Arnaud de Bourrousse, brings expertise in European credit sales, trading, and debt capital markets, along with an extensive research capability that has produced over 75,000 reports.
The completion of this acquisition positions Paris as a key European hub for the group, complementing its global network of more than 80 offices across six continents.
