Marex announces departure of Roger Nagioff from the Group Board
Marex Group (NASDAQ: MRX) announced that Roger Nagioff has stepped down from the Group Board after 15 years of service. Nagioff, a founding partner of JRJ Group, represented private equity investors on the Board. Prior to Marex's IPO in April 2024, private equity shareholders held approximately 96% of Marex stock. Following the IPO and two secondary follow-on offerings, their ownership has decreased to around 30%. Nagioff served on both the Risk Committee and Remuneration Committee. The company is currently searching for a new board member to fill the position.
Marex Group (NASDAQ: MRX) ha annunciato che Roger Nagioff si è dimesso dal Consiglio di Amministrazione dopo 15 anni di servizio. Nagioff, socio fondatore di JRJ Group, rappresentava gli investitori di private equity nel Consiglio. Prima dell'IPO di Marex nell'aprile 2024, gli azionisti di private equity detenevano circa il 96% delle azioni Marex. Dopo l'IPO e due offerte secondarie successive, la loro partecipazione è diminuita a circa il 30%. Nagioff ha fatto parte sia del Comitato Rischi che del Comitato Retribuzioni. L'azienda è attualmente alla ricerca di un nuovo membro del consiglio per ricoprire la posizione.
Marex Group (NASDAQ: MRX) anunció que Roger Nagioff ha renunciado al Consejo del Grupo tras 15 años de servicio. Nagioff, socio fundador de JRJ Group, representaba a los inversores de capital privado en el Consejo. Antes de la OPI de Marex en abril de 2024, los accionistas de capital privado poseían aproximadamente el 96% de las acciones de Marex. Tras la OPI y dos ofertas secundarias posteriores, su participación se ha reducido a alrededor del 30%. Nagioff formó parte tanto del Comité de Riesgos como del Comité de Remuneraciones. La compañía está actualmente buscando un nuevo miembro para el consejo que ocupe la posición.
Marex Group (NASDAQ: MRX)는 Roger Nagioff가 15년간의 근무 후 그룹 이사회에서 물러났다고 발표했습니다. JRJ Group의 창립 파트너인 Nagioff는 사모펀드 투자자들을 이사회에서 대표했습니다. 2024년 4월 Marex의 IPO 이전에 사모펀드 주주들은 약 96%의 Marex 주식을 보유하고 있었습니다. IPO와 두 차례의 2차 공모 이후 그들의 지분은 약 30%로 감소했습니다. Nagioff는 리스크 위원회와 보상 위원회에서 활동했습니다. 회사는 현재 이사회 자리를 채울 새로운 이사 후보를 찾고 있습니다.
Marex Group (NASDAQ : MRX) a annoncé que Roger Nagioff a quitté le conseil d'administration du groupe après 15 ans de service. Nagioff, associé fondateur de JRJ Group, représentait les investisseurs en capital-investissement au sein du conseil. Avant l'introduction en bourse (IPO) de Marex en avril 2024, les actionnaires de capital-investissement détenaient environ 96 % des actions de Marex. Suite à l'IPO et à deux offres secondaires, leur participation a diminué à environ 30 %. Nagioff siégeait aux comités des risques et de la rémunération. La société est actuellement à la recherche d'un nouveau membre du conseil pour pourvoir ce poste.
Marex Group (NASDAQ: MRX) gab bekannt, dass Roger Nagioff nach 15 Jahren im Vorstand des Konzerns zurückgetreten ist. Nagioff, Gründungspartner der JRJ Group, vertrat die Private-Equity-Investoren im Vorstand. Vor dem IPO von Marex im April 2024 hielten die Private-Equity-Aktionäre etwa 96 % der Marex-Aktien. Nach dem IPO und zwei nachfolgenden Sekundärplatzierungen sank ihr Anteil auf rund 30%. Nagioff war Mitglied sowohl im Risiko- als auch im Vergütungsausschuss. Das Unternehmen sucht derzeit nach einem neuen Vorstandsmitglied zur Besetzung der Position.
- Successful transition from private equity ownership (96%) to public company with reduced PE holdings (30%)
- Demonstrated ability to execute IPO and two follow-on offerings within a short timeframe
- Company reports consecutive profitable growth
- Loss of experienced board member with 15 years of company knowledge
- Departure creates temporary gap in Risk and Remuneration committees
LONDON, May 15, 2025 (GLOBE NEWSWIRE) -- Marex Group Plc (NASDAQ: MRX), the diversified global financial services platform, announces today that Roger Nagioff has stepped down from the Group Board. Roger represented private equity investors on the Board.
Before Marex’s initial public offering (IPO) on Nasdaq in April 2024, private equity shareholders including JRJ Group held around
Roger was a member of the Board for 15 years and is a founding partner of JRJ Group. A process is underway to find a new member of the Group Board. He was a member of the Risk Committee and the Remuneration Committee.
Robert Pickering, Chair of Marex, commented: “We are sorry to be losing Roger from the Board, but we understand his decision to step down now that Marex is well established as a successful public company. Roger and JRJ have been an immense support to Marex since the original buyout 15 years ago, and we will greatly miss his wisdom and experience. On behalf of all of us at Marex, I’d like to thank Roger for his invaluable contribution and to wish him every success in the future.”
Roger Nagioff, JRJ, commented: “I’m truly proud of what Marex has been able to achieve and I am grateful to have been part of its growth and development for the last fifteen years. Having been part of this successful journey and having seen enormous growth – culminating in the IPO and two follow-ons – it is the right time for Robert, Ian and the rest of the Board to continue to the next level without me. I remain excited by Marex’s future potential.”
Ian Lowitt, Marex CEO, commented: “Roger and JRJ have helped us to build Marex into a business capable of achieving consecutive profitable growth. We have now transitioned successfully into a public company and Roger’s decision comes as we embark on the next stage of our development. I’d like to thank Roger for his support and friendship, and we wish him well in the future.”
About Marex:
Marex Group plc (NASDAQ: MRX) is a diversified global financial services platform providing essential liquidity, market access and infrastructure services to clients across energy, commodities and financial markets. The Group provides comprehensive breadth and depth of coverage across four services: Clearing, Agency and Execution, Market Making and Hedging and Investment Solutions. It has a leading franchise in many major metals, energy and agricultural products, with access to 60 exchanges. The Group provides access to the world’s major commodity markets, covering a broad range of clients that include some of the largest commodity producers, consumers and traders, banks, hedge funds and asset managers. With more than 40 offices worldwide, the Group has over 2,400 employees across Europe, Asia and the Americas. For more information visit www.marex.com.
Enquiries please contact:
Marex:
Nicola Ratchford / Adam Strachan
+44 778 654 8889 / +1 914 200 2508
nratchford@marex.com/ astrachan@marex.com
FTI Consulting US / UK
+1 919 609 9423 / +44 777 611 1222
marex@fticonsulting.com
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