StoneX to Acquire Octo Finances
StoneX to Acquire Octo Finances, Expanding Capabilities into France
LONDON/PARIS, September 13, 2024 – StoneX Group Inc. (the “Company”; NASDAQ: SNEX) has entered into an agreement to acquire 100% of the shares of Octo Finances SA (“Octo Finances”), which will further expand the Company’s offering in fixed income and strengthen its capabilities in Europe.
Octo Finances is a leading fixed income broker based in Paris, France. The company has expertise in bond and convertible sales, debt capital markets and credit research, having published over 75,000 reports since their founding in 1991.
Anthony Di Ciollo, Global Head of Fixed Income at StoneX, commented: “This acquisition further expands our growing distribution network by over 500 clients, including banks, insurance companies, private debt funds, mutual funds and private wealth managers. Octo Finances is a highly respected French brokerage firm known for its excellent client service. We are committed to fully supporting its growth and extending our products and capabilities to its high-quality client base.”
Arnaud de Bourrousse, Chairman of Octo Finances and co-founder, commented: “We are excited to join forces with StoneX, a global leader in financial services. This partnership represents a fantastic opportunity for Octo Finances to expand our reach and leverage StoneX's extensive network and expertise. We look forward to combining our strengths and delivering even greater value to our clients.”
Talabor Szabo, CEO and co-founder of Octo Finances, commented: “Joining StoneX is a natural fit for Octo Finances. StoneX’s commitment to innovation and client service aligns perfectly with our values and vision for the future. We are thrilled about the new opportunities this acquisition will bring and are eager to work together to enhance our offerings and grow our presence in the market.”
The completion of the transaction is subject to regulatory approval and customary closing conditions.
About StoneX Group Inc.
StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise. The Company strives to be the one trusted partner to its clients, providing its network, product and services to allow them to pursue trading opportunities, manage their market risks, make investments and improve their business performance. A Fortune 100 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ:SNEX), StoneX Group Inc. and its more than 4,400 employees serve more than 54,000 commercial, institutional, and payments clients, and more than 400,000 retail accounts, from more than 40 offices spread across five continents. Further information on the Company is available at www.stonex.com.
About Octo Finances SA
Octo Finances SA is a premier fixed income brokerage firm based in Paris, France, specializing in bond and convertible sales, debt capital markets, and credit research. Established in 1991, Octo Finances has built a client base that includes banks, insurance companies, private debt funds, mutual funds, and private wealth managers. With a commitment to delivering exceptional client service and market insights, Octo Finances continues to be a trusted partner in the financial services industry.
Investor inquiries:
Kevin Murphy
(212) 403 - 7296