News Nuggets | 5 July: New COO at Marex; LCH RepoClear's Service Merger

<p>Marex Names New Group Chief Operating Officer
</p><p>Marex has announced the appointment of Graham Francis as the Group's Chief Operating Officer. He will oversee the company's day-to-day operations and report to Marex's CEO, Ian Lowitt.
</p><p>Graham joined Marex from TP ICAP, where he was most recently the COO for the Global Broking business. Overall, he spent 15 years at TP ICAP. He also worked at Dresdner Bank, Lehman Brothers, and Linklaters.
</p><p>Commenting on the appointment, <a href="https://www.financemagnates.com/tag/marex/">Marex's</a> CEO said: "His appointment reflects Marex's significant growth trajectory and is a testament to our ambitions for the future. Graham brings deep experience within the sector, and I look forward to working with him to further improve and deliver on our growth strategy."
</p><p>LCH RepoClear SA Merges Two Services
</p><p><a href="https://www.financemagnates.com/institutional-forex/euronext-to-sell-lch-sa-stakes-for-111-million/">LCH RepoClear SA</a> has merged its RepoClear Euro debt service with its general collateral €GCPlus service. The merger will provide easy and quick access to alternative channels to access GC liquidity.
</p><p>"The merger of our two services means that financial institutions will benefit from even greater netting opportunities, reduced margin requirements, and harmonized reporting and operational processes," explained Emmanuel Rolland, COO RepoClear, Collateral and Liquidity Management. "The benefits of access to cleared liquidity and robust risk management have never been more apparent given recent market events, and we look forward to working with financial institutions as they look to RepoClear for that support."
</p><p>AllianceBernstein Gains DFSA License
</p><p>AllianceBernstein, an investment firm with $700 million in assets under management (AUM), has received a Category 4 Licence from the Dubai Financial Services Authority (DFSA). As a part of its Middle East expansion, the company also appointed Jean-Paul Hobeika, Managing Director of Middle East Institutions.
</p><p>"As we expand our global footprint, we remain steadfast in our commitment to delivering exceptional value to our clients. We are confident that with the opening of its new office in DIFC, AB is poised to become a leading player in the region's financial industry," said Hobeika.
</p><p>BKN301 Opens Cairo Office
</p><p>BKN301, a payment and Banking-as-a-Service provider in MENA, has expanded its presence in <a href="https://www.financemagnates.com/tag/egypt/">Egypt</a> by opening a new office in Cairo. The move was strategic and in line with Egypt's Vision 2030
</p><p>"Our presence in the country will be a significant step forward in improving and transforming the way payments are used, particularly with our innovative solutions fuelling embedded fintech experiences with advanced payment capabilities," said Stiven Muccioli, Founder and CEO of BKN301, said.
</p><p>"We look forward to supporting the growth and development of the region's fintech sector by providing our world-class payment services and further expanding our presence across other countries in the MENA region."</p><p>Belgian Fintech Curvo Banks €500,000
</p><p>Curvo, a <a href="https://www.financemagnates.com/fintech/data/the-impact-of-fintech-on-financial-inclusion/">fintech </a>based in Belgium, has secured €500,000 in a seed funding round. The proceeds will be utilized for European expansion and enhancing its products for customers.
</p><p>Launched in October 2021, Curvo offers retail investment opportunities through exchange-traded funds (ETFs) and other investment products.
</p><p>"Our vision is to transform the way people engage with their finances and think about their future, and we're delighted that our new business angels are joining us on our journey," said Thomas Ketchell, co-founder of Curvo. "Thanks to this seed round investment, we'll be able to reach even more people in Belgium and beyond, providing the tools they need to achieve their own financial wellbeing."
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This article was written by Finance Magnates Staff at www.financemagnates.com.