Former JP Morgan AM rising markets specialist amongst new hires at Marex because it bolsters mounted revenue outsourced enterprise

John Orrock has been named head of mounted revenue outsourced buying and selling at Marex, alongside a number of different senior appointments within the division. 

Orrock takes up the mounted revenue reins after having served as managing director since February 2022, previous to the spin-off of the outsourced enterprise from Cowen.

Previous to becoming a member of Cowen Worldwide in 2022, Orrock was head of rising markets and outsourcing at Aurel BGC and earlier than that labored as a dealer at BlueBay Asset Administration for greater than 17 years.

He has additionally held senior roles at Martin Worldwide Securities and Tullet & Tokyo Securities.

Learn extra: Marex hires in ex-Winterflood Securities equities dealer

Alongside Orrock’s new position, Ron Catena has been named director, mounted revenue outsourced buying and selling, becoming a member of from JP Morgan Asset Administration the place he most not too long ago served as government director, rising markets mounted revenue. 

Catena has three many years of expertise in monetary companies together with a wealth of buy-side buying and selling experience having beforehand held senior positions at numerous companies, together with: Vandham Securities, First New York Securities, Securevest Monetary Group/GCP, Santander Funding, Donaldson, Lufkin & Jenrette, and Morgan Stanley. 

Talking in an announcement on social media, Catena mentioned: “I’m happy to be part of the mounted revenue outsourced buying and selling staff at Marex. I stay up for making use of my in depth expertise to learn our agency’s shoppers and collaborate with my new colleagues to additional construct out our bespoke companies.”

Commodities specialist Marex accomplished its acquisition of TD Cowen’s outsourced buying and selling and prime brokerage enterprise in December final yr. The enterprise was rebranded as Marex Prime Providers and Market Outsourced Buying and selling, with each changing into a part of the Marex Capital Markets enterprise – shaped final yr following the acquisition of ED&F Man Capital Markets.

Information broke of the cut up with TD in June 2023, reportedly concluding it might be in the most effective pursuits of shoppers if the prime brokerage and outsourced buying and selling enterprise had been divested to a accomplice extra “strategically and geographically aligned” to the platform.