Marex Establishes Office in Minneapolis

Global financial services provider, Marex has recently confirmed the opening of an office in Minneapolis for its global expansion. To co-head the new office, Marex has selected Dan Hofstad and Charlie Fee, industry veterans with decades of experience in the agricultural sector.

With a combined experience of more than 35 years, Dan Hofstad and Charlie Fee are among the well-known names in the corporate sector. In their new roles, Dan Hofstad and Charlie Fee will report to Kirk Bonniwell, the Head of Agricultural OTC Sales for Marex North America.

According to Marex, one of the major reasons behind the launch of the new office is the company’s expansion of its OTC offerings, including structured products.

Ram Vittal, the Chief Executive Officer of Marex North America, said: “We’re delighted to expand our business with another on-the-ground presence that puts us close to our clients as they navigate their risk management challenges. We continue to identify new opportunities to grow our franchise in North America and leverage the global breadth of products and services that Marex has to offer.”

To accelerate its expansion in the Asia Pacific, Marex recently received regulatory approval from ASIC for the opening and operations of an office in Sydney, Australia.

Appointments

Through recent appointments, Marex aims to utilize the broad experience of Hofstad and Fee in regional markets. According to Bonniwell, the company is working on the development of products to address the demand for customized solutions.

“In addition to their product expertise, Dan and Charlie bring outstanding experience to our team, great insights into the talent and relevant businesses in the area, and an appreciation for our focus on high-touch service and lasting client relationships. We look forward to building on the team in the region under their leadership and addressing the growing demand for these customized solutions,” Bonniwell noted.