Marex to acquire Singapore clearing business firm

July 10 (Reuters) - Marex Group will acquire Singapore-based clearing business Bright Point International (BPI), the firm said late on Thursday, as it seeks to expand its footprint across Asia-Pacific and gain access to Chinese markets.

The firms did not disclose the terms of the deal.

Here are more details:

• The transaction is subject to regulatory approval and is expected to close by late 2026 or early 2027.

• The deal will add roughly $800 million in client balances and more than 70 employees across Singapore, Hong Kong, China, Norway, and the UK.

• London-headquartered global financial services platform Marex said the acquisition is expected to drive additional revenue through new clients and higher balances, and to generate synergies by internalising some clearing activities.

• BPI serves clients across commodities and financial products, including FX, index futures and options, and digital asset derivatives in the Asia Pacific.

(Reporting by Florence Tan; Editing by Harikrishnan Nair)