Marex to Acquire Geneva-Based Market Maker Valcourt to Boost Fixed Income Business
Marex Group is expanding its footprint in European fixed income markets with the planned acquisition of Geneva-based Valcourt SA, a market maker known for its focus on high-yield and emerging market debt.
The deal, set to close in the first half of 2026 pending regulatory approval, marks another step in Marex’s strategy to diversify its client base and strengthen its presence in continental Europe.
Join buy-side heads of FX in London at fmls25
Expanding Reach in Swiss Markets
Valcourt brings with it 700 institutional clients across banks, independent wealth managers, and asset managers — a significant boost to Marex’s distribution network. The acquisition gives Marex direct access to the Swiss institutional ecosystem, where private banking and asset management play a central role.
[#highlighted-links#]
Paolo Tonucci, Marex’s Chief Strategist and CEO of Capital Markets, said the move will expand the firm’s capabilities and relationships in a key market. For Marex, which already operates across energy, commodities, and financial markets, Valcourt’s integration enhances its fixed income and credit trading capabilities.
The company has been steadily growing its capital markets division, aligning with its goal to diversify revenue sources beyond traditional commodity trading. Mike Conway, CEO of Valcourt, said the partnership allows clients to tap into Marex’s global infrastructure.
Strategic Fit for Long-Term Growth
By absorbing Valcourt’s expertise in less liquid and sustainable debt instruments, Marex gains a stronger foothold in Europe’s evolving fixed income landscape. The acquisition also reinforces its growing presence among institutional investors looking for diversified debt exposure.
Once approved, the deal will mark another milestone in Marex’s ongoing transformation from a commodities broker into a fully diversified financial services platform with a global reach.