StoneX Group Inc. to Merge with R.J. O’Brien & Associates, Strengthening Position as Leading Futures Brokerage and Clearing Firm
StoneX Group Inc., a Fortune 100 company, has reached a definitive agreement to merge with R.J. O’Brien & Associates, the oldest futures brokerage and clearing firm in the United States. This strategic combination will create a powerhouse in the global financial market, enhancing their role as a leading futures commission merchant (FCM) in the U.S. and beyond.
The merger, subject to regulatory approvals, is expected to be finalized in the third quarter of this year. Upon completion, the newly formed entity will capitalize on R.J. O’Brien’s extensive client network and proven clearing capabilities along with StoneX’s deep liquidity, innovative OTC hedging solutions, and leading risk management infrastructure. Sean O’Connor, Executive Vice-Chairman of StoneX, expressed excitement about the transformative transaction, highlighting the synergies that will drive exceptional services and broader market access for their combined client base.
Gerry Corcoran, CEO of R.J. O’Brien, echoed this sentiment, emphasizing the shared commitment to client relationships, prudent risk management, and a focus on growth. The partnership between these two industry giants will bring forth a plethora of new products and services across asset classes, providing clients with enhanced trading and hedging opportunities. The O’Brien family, majority shareholders in RJO, also sees this merger as a strategic move to uphold their legacy while positioning the firm for continued success in the evolving financial landscape.
John O’Brien, Jr., a board member of RJO, reflected on the firm’s rich history and the vision of his predecessors, highlighting the importance of growth and evolution to remain competitive in the industry. The alignment with StoneX is seen as a natural progression to solidify their position as leaders in the market, leveraging each other’s strengths to operate at an even higher level.
Broadhaven Capital Partners and Mayer Brown LLP are advising RJO on the merger, ensuring a smooth transition for all stakeholders involved. For more information on the transaction and StoneX’s perspective, visit their press release at https://ir.stonex.com/press-releases.
As the merger unfolds, both R.J. O’Brien and StoneX are committed to delivering exceptional value to their clients, employees, and shareholders. The combined entity will continue to prioritize client relationships, innovation, and growth, setting the stage for a dynamic future in the financial services industry. Stay tuned for more updates on this exciting partnership and the opportunities it brings to the market.
