Marex Prime Services has established a “dedicated presence” in Dubai as the firm looks to bolster its operations in the Middle East.
Mazen Najjar
The builds on the firm’s existing presence in the region as Marex looks to enhance its offering to institutional clients across MENA.
Shahab Hashemi, chief executive (MENA) at Marex, said: “This strategic move strengthens our current operations and better positions us meet the evolving needs of our clients in the region. Incorporating prime services to our offering allows us to deliver more tailored and localised solutions to hedge funds, family offices and other institutional clients.”
As part of this push, Mazen Najjar has been appointed in an institutional sales role in the prime services team, the first hire for the team in the jurisdiction. Prior to joining Marex, Dubai-based Najjar spent six years at IG Prime.
Mazen is set to focus on developing the prime services team’s regional sales strategy, bolstering its presence in the region and forging partnerships.
“We welcome Mazen Najjar to our Dubai office. His extensive experience in prime brokerage and client-led approach will be invaluable in delivering localised support to our growing hedge fund and family office client base,” said Jack Seibald, global co-head of prime services and outsourced trading at Marex.
“This development builds on Marex’s momentum in the region and reinforces our commitment to providing enhanced support and tailored solutions to institutional clients.”