09/07/2026
BPI JOINS MAREX IN A STRATEGIC SALE ENABLING SEAMLESS GLOBAL MARKET ACCESS
SINGAPORE - Deep Source Holdings Limited (HK: 0990) today announced a definitive agreement for the sale of its financial services business operated under BPI Financial Group (“BPI”) to be acquired by Marex Group Limited (‘Marex’ or the ‘Group’; NASDAQ: MRX), a diversified global financial services platform.
The deal, expected to close by late 2026 or early 2027, is subject to regulatory approvals and will transition BPI’s clearing and ex*****on business from a regional infrastructure into a broader global network.
The deal will enable BPI’s clients to access a wider range of products and an advanced multi-asset product portfolio through Marex, reinforced by direct access to multiple global exchanges and clearing venues. This complements BPI’s core strengths across commodities, FX, equity index futures, and digital asset derivatives.
By combining BPI’s specialized Asia-Pacific and inbound-China market access with Marex’s global footprint, this strategic initiative answers growing institutional demand for cross-border clearing efficiency and deeper liquidity in a highly dynamic marketplace.
Kenny Mah, BPI Group CEO, commented: "This transaction accelerates our growth trajectory on a truly global stage. Since our founding, we have built a business centered on trust, innovation and delivering exceptional service to our clients. I am deeply grateful for the unwavering support of our shareholders, the relentless ex*****on of our 70-strong staff across Singapore, Hong Kong, China, Norway, and the UK, and the enduring loyalty of our clients and business partners. This milestone belongs to our entire ecosystem, and our transition to Marex is designed to serve them better."
Thomas Texier, Group Head of Clearing at Marex, commented: “BPI is a well-established business with an experienced and high-quality team. This deal will drive additional revenues by adding clients and increasing client balances and is also expected to provide material synergies from the internalization of some clearing activities. Importantly, it will also enhance our ability to service clients in Asia with a broader range of services from the Marex platform and provide existing Marex clients with an improved access to Chinese markets.”
About BPI: BPI Financial Group Limited (“BPI”) is a majority-owned subsidiary of Deep Source Holdings Limited, a company listed on the Hong Kong Stock Exchange (HK: 0990). BPI is a boutique financial services group with operations across Singapore, Hong Kong, China and the United Kingdom. BPI provides a comprehensive suite of brokerage, clearing, and ex*****on services across exchange-traded and over-the-counter markets, with particular expertise in commodities, derivatives and risk management solutions.
About Marex: Marex Group Limited (NASDAQ:MRX) provides market access, infrastructure services and essential liquidity to clients across global commodity and financial markets. The Group provides comprehensive breadth and depth of coverage across four services: Clearing, Agency and Ex*****on, Market Making and Hedging and Investment Solutions. It has a leading franchise in many major metals, energy and agricultural products, with access to more than 60 exchanges. Marex has over 3,400 active clients, including some of the largest commodity producers, consumers and traders, banks, hedge funds and asset managers. With more than 50 offices worldwide, the Group has over 3000 employees across Europe, Asia and the Americas. For more information visit www.marex.com.
