StoneX Group Inc. Completes Acquisition of The Benchmark Company

Strategic Insights -

StoneX Group Inc., a global financial services firm, has successfully completed its acquisition of The Benchmark Company, LLC, a leading provider of investment banking, equity research, and institutional sales and trading services. This strategic move enhances StoneX's capital markets offering and establishes a deeper presence in Investment Banking and Equity Research. The acquisition brings a seasoned investment banking team and professionals across institutional sales, trading, and equity research to StoneX's Institutional division.

Key Takeaways:

  • The acquisition adds a complementary suite of capabilities to StoneX's existing offerings, including investment banking, equity research, and institutional sales and trading services.
  • The Benchmark Company brings a strong client relationship in high-growth sectors such as Technology, Industrials, Consumer, and Healthcare.
  • The firm's team and operations will become part of StoneX's Institutional division, with the Benchmark brand maintained in the near term to ensure continuity for clients and counterparties.
  • The acquisition represents a strategic step in broadening StoneX's capital markets capabilities and delivering differentiated value to corporate and institutional clients globally.
  • StoneX plans to maintain the Benchmark brand in the near term to ensure continuity for clients and counterparties.
  • The combined vision is one of global growth and expansion, with Benchmark clients benefiting from expanded resources and distribution, while existing StoneX clients gain access to greater insights and capabilities across capital markets.
  • StoneX has over 4,400 employees, serving over 54,000 commercial, institutional, and payments clients, as well as more than 400,000 retail accounts, across more than 70 offices on six continents.

Statistics:

  • StoneX Group Inc. has over 4,400 employees.
  • The company serves over 54,000 commercial, institutional, and payments clients, as well as more than 400,000 retail accounts.
  • The Benchmark Company has a strong client relationship in high-growth sectors such as Technology, Industrials, Consumer, and Healthcare.
  • The acquisition adds a complementary suite of capabilities to StoneX's existing offerings.
  • StoneX operates a global financial services network that connects companies, organizations, traders, and investors to the global markets ecosystem.

Sources:

  • Source: GlobeNewswire (MIL-OSI)
  • Source: StoneX Group Inc.
  • Source: The Benchmark Company
  • Source: Jacob Rappaport, Global Head of Equities at StoneX
  • Source: Richard Messina, Founder and CEO of Benchmark
  • Source: Anthony Di Ciollo, President of StoneX Financial Inc.