StoneX Group has entered into an agreement to acquire 100% of the shares of Octo Finances SA, which will further expand the Company’s offering in fixed income and strengthen its capabilities in Europe.

Octo Finances is a leading fixed income broker based in Paris, France. The company has expertise in bond and convertible sales, debt capital markets and credit research, having published over 75,000 reports since their founding in 1991.

Anthony Di Ciollo, Global Head of Fixed Income at StoneX, commented: “This acquisition further expands our growing distribution network by over 500 clients, including banks, insurance companies, private debt funds, mutual funds and private wealth managers. Octo Finances is a highly respected French brokerage firm known for its excellent client service. We are committed to fully supporting its growth and extending our products and capabilities to its high-quality client base.”

Arnaud de Bourrousse, Chairman of Octo Finances and co-founder, commented: “We are excited to join forces with StoneX, a global leader in financial services. This partnership represents a fantastic opportunity for Octo Finances to expand our reach and leverage StoneX’s extensive network and expertise. We look forward to combining our strengths and delivering even greater value to our clients.”

Talabor Szabo, CEO and co-founder of Octo Finances, commented: “Joining StoneX is a natural fit for Octo Finances. StoneX’s commitment to innovation and client service aligns perfectly with our values and vision for the future. We are thrilled about the new opportunities this acquisition will bring and are eager to work together to enhance our offerings and grow our presence in the market.”

The completion of the transaction is subject to regulatory approval and customary closing conditions.

Source: StoneX