ED&F Man hires Marex FX team

The three-strong team will link up with former colleagues at ED&F, as the London broker moves to bolster its presence in the currency markets

ED&F Man has hired a senior team of foreign exchange traders from rival broker Marex, as the London-based commodities trader continues to eye opportunities in markets once occupied by MF Global.

Darryl Bear, Bob Race and Joe Marston joined ED&F Man from Marex last month, according to the Financial Services Authority's register of approved persons. Spokesmen for Marex and ED&F declined to comment.

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