Marex Spectron Names Thomas Texier Head of Clearing Services

Marex Spectron has lured Thomas Texier to join the global commodities brokerage as Head of Clearing Services as it accelerates the expansion of its clearing business.

Texier is joining the brokerage’s clearing franchise, tasked with further building the business across different sectors while also overseeing the day-to-day operations globally. He joins Marex with over 24 years of experience to enhance its clearing team, with the group eyeing a broader focus and growth in different regions.

Texier has recently served as managing director for R.J. O’Brien & Associates (RJO), one of the largest independent futures brokerage and clearing firms in the US. Based out of London, he was tasked with helping to kindle the affiliate’s growth, whilst developing its UK team and also led the company’s enterprise IT globally.

Texier originally joined R.J. O’Brien Limited back in 2015, having since worked as its Chief Operating Officer. Prior to this role, he worked at Kyte Group for nearly thirteen years as its COO.

Over the course of his career, additional roles include senior stints at FCT Europe Limited and Societe Generale as its Deputy General Manager – Societe Generale North Pacific Tokyo, dating back to 1997, according to information made public on his Linkedin profile.

Marex clearing services, which provide connectivity to 37 exchanges, are exclusively focused on the wholesale market including banks, hedge funds, CTA’s, asset managers, corporates, and trading groups. The unit replaced the Pro-Trader division as Marex consolidated and closed the old business in 2019. Marex acquired this clearing franchise from London based Schneider Trading Associates back in 2012.

At the time, the combined group was servicing over 1,100 professional traders and transacting more than 200 million contracts per year. While the bulk of Pro-Trader’s existing clients now moved into Marex Clearing Services, smaller accounts was transfered to Tower Trading Group (TTG), one of Marex’s long-term clearing clients.

Commenting on the appointment, Marex Spectron CEO Ian Lowitt said: “Building our global clearing services business has been a high strategic priority and is a fast-growing part of our franchise. With Thomas heading this division, we can leverage our leading market position in metals, energy and agriculture, access to global markets, proprietary technologies and our strong balance sheet. The opportunities to develop this side of our business are immense. Thomas’ experience and track record across all aspects of execution and clearing, including e-Trading, IT development, running operations and risk management, make him the ideal person for this task.”