Marex has appointed Stephen Hood as head of clearing for the Americas.
The clearing service provider covers the energy, commodity and financial markets. It reported almost US$1.6 billion in revenue over 2024.
Hood replaces Jamal Oulhadj, who is moving to the UAE as MENA head of business development for clearing to develop Marex’s operations in the Gulf Cooperation Council region.
Hood has more than 25 years of industry experience, the last 13 years of which have been spent with ED&F Man Capital Markets, which was acquired by Marex in 2022. Most recently, he was chief risk officer for North America at Marex.
Earlier in his career, Hood was US head of market risk and counterparty risk analysis at MF Global and an options market maker at the American Stock Exchange.
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