Through the acquisition of Elwood Technologies, Zodia Markets will “significantly” enhance its digial asset services and the diversification of its offering; following close the new entity will be known as Zodia Markets Jersey.
The transaction will see Impax AM add Absalon’s global high yield and emerging market corporate debt strategies to its fixed income range.
Following the merger, Credit Suisse (Schweiz) will no longer exist as a separate entity.
As well as the acquisition of an equity stake, the partnership also encompasses a distribution agreement and a joint venture.
The plan is to build a new private Google Cloud region to support CME Group’s global trading, offering derivatives traders access to “cloud-based, ultra-low-latency networking and high-performance computing”.
Following the completed transaction, CSIP will operate as BANTLEON Convertible Experts and will maintain existing leadership.
UBS confirmed its intention to take over Credit Suisse back in March 2023 with the deal subsequently reported to be worth more than $3.25 billion.
The partnership will give Stifel’s institutional client base access to Marex’s multi-asset class custody, financing, securities lending, and capital introduction offerings.
The transaction is set to be completed in the first quarter of 2025 pending regulatory approval.
The joint, full-stack solution enables both the buy- and sell-side to manage shareholder disclosure obligations for long, short and takeover panel reporting, The TRADE understands.