StoneX to Acquire The Benchmark Company, Adding Capabilities in Investment Banking

Core Viewpoint - StoneX Group Inc. has signed an agreement to acquire The Benchmark Company, enhancing its equity and debt capital markets offerings, particularly in equity research and investment banking [1][2]. Company Overview - StoneX Group Inc. operates a global financial services network, connecting various market participants through digital platforms and extensive services. The company serves over 54,000 clients and has more than 4,400 employees across 70 offices worldwide [5]. - The Benchmark Company, founded in 1988, specializes in research, sales and trading, and investment banking services, focusing on delivering superior client service and market access [6]. Strategic Implications - The acquisition will establish a franchise-level equity research and investment banking platform at StoneX, significantly enhancing its equities capabilities and ability to provide deep market insights and comprehensive solutions to clients [3]. - The addition of Benchmark's expertise will also enhance StoneX's debt capital markets offerings, leveraging its global fixed income distribution network to deliver greater value to clients [4]. Leadership and Integration - Richard Messina, the Founder and CEO of Benchmark, will continue to lead the division within StoneX, indicating a commitment to integrating Benchmark's legacy platform with StoneX's capabilities [2][3].