{"id":905203,"date":"2026-05-12T07:13:48","date_gmt":"2026-05-12T12:13:48","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/05\/12\/marex-names-alex-salomon-to-lead-first-prime-services-push-in-israel\/"},"modified":"2026-05-12T07:13:48","modified_gmt":"2026-05-12T12:13:48","slug":"marex-names-alex-salomon-to-lead-first-prime-services-push-in-israel","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/05\/12\/marex-names-alex-salomon-to-lead-first-prime-services-push-in-israel\/","title":{"rendered":"Marex Names Alex Salomon to Lead First Prime Services Push in Israel"},"content":{"rendered":"
\n

Marex Group
\nhas appointed Alex Salomon to lead prime services sales in Israel, putting a
\ndedicated salesperson on the ground in Tel Aviv for the first time as the
\nLondon-listed broker expands the institutional franchise it has been assembling
\nsince acquiring Cowen’s prime brokerage business in 2023.<\/p>\n

Singapore Summit: Meet the largest
\nAPAC brokers you know (and those you still don’t!)<\/a><\/em><\/strong><\/p>\n

Salomon
\nwill cover Israeli hedge funds, family offices, asset managers and
\ninstitutional clients from the firm’s Tel Aviv office, the company said in a
\nstatement. <\/p>\n

He will
\nreport into the EMEA prime services sales team and connect local managers to
\nMarex’s global trading, custody and capital introduction platform.<\/p>\n

Veteran Banker Brings 25
\nYears of Trading Experience<\/h2>\n

According
\nto his LinkedIn profile, Salomon spent five years as a director at Barclays
\nCapital in New York before moving to Tel Aviv in 2010 to run the bank’s local
\ntrading room and new product development. <\/p>\n

He left
\nBarclays in 2014 for Citi, where he spent a year representing the bank’s
\nIsraeli credit franchise. Earlier in his career, he traded credit derivatives
\nat Citigroup in New York and emerging markets bonds at Merrill Lynch.<\/p>\n

More
\nrecently, Salomon co-ran the trading desk at Caesarea-based global macro fund
\nHanavah Macro and served as director of credit at Exigent Capital Group in
\nJerusalem. He is a founding partner at Alon Credit and chairman of the board at
\nStrawberry Fields REIT, an Israeli-listed nursing home operator.<\/p>\n

His arrival
\nmirrors the playbook Marex used in Dubai in late 2024, when it hired
\nformer IG Prime executive Mazen Najjar<\/a> to spearhead institutional sales across the
\nMENA region. Both hires sit inside the EMEA prime services franchise led by
\nLawrence Obertelli.<\/p>\n

Prime Brokerage Build-Out
\nFollows Cowen Deal<\/h2>\n

Marex’s
\nprime services unit was formed after the firm completed the acquisition of Cowen’s
\nprime brokerage and outsourced trading business in October 2023<\/a>, bringing in roughly 160
\nprofessionals across eight offices and putting Jack Seibald and Mike Rosen at
\nthe head of the combined platform. <\/p>\n

The unit
\nsits inside Marex Capital Markets and competes with bank-owned prime brokers as
\nwell as a growing roster of mid-tier challengers.<\/p>\n

The Israel
\nhire lands at a point of consolidation in the prime brokerage industry. <\/p>\n

A 2024
\nAcuiti survey commissioned by Standard Chartered found that nearly 40% of hedge funds had
\nreduced their FX prime brokerage relationships in the prior three years<\/a>, often because providers exited the
\nmarket. Smaller funds reported the greatest dissatisfaction with the number of
\navailable providers.<\/p>\n

That
\nbackdrop has opened space for non-bank platforms. Interactive Brokers launched
\nits High Touch Prime Brokerage and
\nGlobal Outsourced Trading service for US hedge funds in April 2024<\/a>, positioning against the larger
\nbank-owned primes. <\/p>\n

Clear
\nStreet and Marex have also been connecting hedge fund clients to
\nevent contracts listed on prediction market Kalshi<\/a>, illustrating how mid-tier brokers are using
\nproduct breadth to court managers that may not get attention from larger
\ncompetitors.<\/p>\n

Cross-Asset Coverage From
\na Single Office<\/h2>\n

Marex Prime
\nServices pitches a combination of cross-asset custody, securities financing,
\noutsourced trading and capital introduction within one franchise. <\/p>\n

The
\nplatform was reinforced earlier this year when Marex and NatWest agreed a cross-margining arrangement that
\nlets FX clients reduce collateral requirements by linking futures and prime
\nbrokerage positions<\/a>
\nacross the two providers.<\/p>\n

“Tel
\nAviv is a highly active and diverse market, with clients operating across
\nstrategies and asset classes, and a strong outward focus on global
\nopportunities,” Salomon said in a statement shared on LinkedIn. <\/p>\n

He added
\nMarex’s combination of “prime brokerage, outsourced trading and broader
\nfinancial services” was “a strong draw” for him.<\/p>\n

Local Coverage in a
\nConcentrated Market<\/h2>\n

Israel’s
\nhedge fund and family office community has historically routed institutional
\nflow through trading desks at the country’s major banks and a handful of
\nforeign primes operating without a local team. <\/p>\n

The country
\nhas produced a thick layer of quant and macro funds but limited domestic prime
\ninfrastructure, leaving managers reliant on counterparties in London and New
\nYork.<\/p>\n

Jack
\nSeibald, Marex’s global co-head of prime services and outsourced trading, said
\nthe firm’s focus is on “helping managers launch, scale and operate
\neffectively by combining prime brokerage, outsourced trading and capital
\nintroduction within a single, globally connected offering.” <\/p>\n

Obertelli
\ndescribed Salomon as bringing experience “across investing, trading and
\nadvisory, along with a strong relationships across the Israeli market.”<\/p>\n

Marex has
\nbeen expanding aggressively across regions and asset classes over the past two
\nyears, with acquisitions including UK market maker Winterflood and Abu
\nDhabi-based Aarna Capital, as well as Brazilian commodities firm Agrinvest. <\/p>\n<\/div>\n

\n

Marex Group
\nhas appointed Alex Salomon to lead prime services sales in Israel, putting a
\ndedicated salesperson on the ground in Tel Aviv for the first time as the
\nLondon-listed broker expands the institutional franchise it has been assembling
\nsince acquiring Cowen’s prime brokerage business in 2023.<\/p>\n

Singapore Summit: Meet the largest
\nAPAC brokers you know (and those you still don’t!)<\/a><\/em><\/strong><\/p>\n

Salomon
\nwill cover Israeli hedge funds, family offices, asset managers and
\ninstitutional clients from the firm’s Tel Aviv office, the company said in a
\nstatement. <\/p>\n

He will
\nreport into the EMEA prime services sales team and connect local managers to
\nMarex’s global trading, custody and capital introduction platform.<\/p>\n

Veteran Banker Brings 25
\nYears of Trading Experience<\/h2>\n

According
\nto his LinkedIn profile, Salomon spent five years as a director at Barclays
\nCapital in New York before moving to Tel Aviv in 2010 to run the bank’s local
\ntrading room and new product development. <\/p>\n

He left
\nBarclays in 2014 for Citi, where he spent a year representing the bank’s
\nIsraeli credit franchise. Earlier in his career, he traded credit derivatives
\nat Citigroup in New York and emerging markets bonds at Merrill Lynch.<\/p>\n

More
\nrecently, Salomon co-ran the trading desk at Caesarea-based global macro fund
\nHanavah Macro and served as director of credit at Exigent Capital Group in
\nJerusalem. He is a founding partner at Alon Credit and chairman of the board at
\nStrawberry Fields REIT, an Israeli-listed nursing home operator.<\/p>\n

His arrival
\nmirrors the playbook Marex used in Dubai in late 2024, when it hired
\nformer IG Prime executive Mazen Najjar<\/a> to spearhead institutional sales across the
\nMENA region. Both hires sit inside the EMEA prime services franchise led by
\nLawrence Obertelli.<\/p>\n

Prime Brokerage Build-Out
\nFollows Cowen Deal<\/h2>\n

Marex’s
\nprime services unit was formed after the firm completed the acquisition of Cowen’s
\nprime brokerage and outsourced trading business in October 2023<\/a>, bringing in roughly 160
\nprofessionals across eight offices and putting Jack Seibald and Mike Rosen at
\nthe head of the combined platform. <\/p>\n

The unit
\nsits inside Marex Capital Markets and competes with bank-owned prime brokers as
\nwell as a growing roster of mid-tier challengers.<\/p>\n

The Israel
\nhire lands at a point of consolidation in the prime brokerage industry. <\/p>\n

A 2024
\nAcuiti survey commissioned by Standard Chartered found that nearly 40% of hedge funds had
\nreduced their FX prime brokerage relationships in the prior three years<\/a>, often because providers exited the
\nmarket. Smaller funds reported the greatest dissatisfaction with the number of
\navailable providers.<\/p>\n

That
\nbackdrop has opened space for non-bank platforms. Interactive Brokers launched
\nits High Touch Prime Brokerage and
\nGlobal Outsourced Trading service for US hedge funds in April 2024<\/a>, positioning against the larger
\nbank-owned primes. <\/p>\n

Clear
\nStreet and Marex have also been connecting hedge fund clients to
\nevent contracts listed on prediction market Kalshi<\/a>, illustrating how mid-tier brokers are using
\nproduct breadth to court managers that may not get attention from larger
\ncompetitors.<\/p>\n

Cross-Asset Coverage From
\na Single Office<\/h2>\n

Marex Prime
\nServices pitches a combination of cross-asset custody, securities financing,
\noutsourced trading and capital introduction within one franchise. <\/p>\n

The
\nplatform was reinforced earlier this year when Marex and NatWest agreed a cross-margining arrangement that
\nlets FX clients reduce collateral requirements by linking futures and prime
\nbrokerage positions<\/a>
\nacross the two providers.<\/p>\n

“Tel
\nAviv is a highly active and diverse market, with clients operating across
\nstrategies and asset classes, and a strong outward focus on global
\nopportunities,” Salomon said in a statement shared on LinkedIn. <\/p>\n

He added
\nMarex’s combination of “prime brokerage, outsourced trading and broader
\nfinancial services” was “a strong draw” for him.<\/p>\n

Local Coverage in a
\nConcentrated Market<\/h2>\n

Israel’s
\nhedge fund and family office community has historically routed institutional
\nflow through trading desks at the country’s major banks and a handful of
\nforeign primes operating without a local team. <\/p>\n

The country
\nhas produced a thick layer of quant and macro funds but limited domestic prime
\ninfrastructure, leaving managers reliant on counterparties in London and New
\nYork.<\/p>\n

Jack
\nSeibald, Marex’s global co-head of prime services and outsourced trading, said
\nthe firm’s focus is on “helping managers launch, scale and operate
\neffectively by combining prime brokerage, outsourced trading and capital
\nintroduction within a single, globally connected offering.” <\/p>\n

Obertelli
\ndescribed Salomon as bringing experience “across investing, trading and
\nadvisory, along with a strong relationships across the Israeli market.”<\/p>\n

Marex has
\nbeen expanding aggressively across regions and asset classes over the past two
\nyears, with acquisitions including UK market maker Winterflood and Abu
\nDhabi-based Aarna Capital, as well as Brazilian commodities firm Agrinvest. <\/p>\n<\/div>\n

Read More<\/a>
\n Damian Chmiel<\/p>\n","protected":false},"excerpt":{"rendered":"

Marex Group has appointed Alex Salomon to lead prime services sales in Israel, putting a dedicated salesperson on the ground in Tel Aviv for the first time as the London-listed broker expands the institutional franchise it has been assembling since acquiring Cowen’s prime brokerage business in 2023. Singapore Summit: Meet the largest APAC brokers you<\/p>\n","protected":false},"author":1,"featured_media":905204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[112371,1789],"tags":[],"class_list":["post-905203","post","type-post","status-publish","format-standard","has-post-thumbnail","category-marex","category-names"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/905203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=905203"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/905203\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/905204"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=905203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=905203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=905203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}