Marex’s redomiciliation from the United Kingdom to Bermuda is proving to be a positive move.

Only a month after officially shifting to Bermuda, the financial services platform has reported record adjusted profit before tax of $318 million or $267.7 million after tax, up 79 per cent compared to the same period last year.

It also saw a record second quarter profit of $165.9 million adjusted profit before tax, or $155.3 million after tax, including a $35.1 million gain from selling Winterflood’s custody business.

Even a month before the redomiciliation, Marex said it was seeing a boost in investor confidence.

It has now experienced second quarter revenue growth across all four business segments. Clearing earnings rose 16 per cent to $161.3 million, helped by record average client balances, new clients, expanded relationships and higher margin requirements.

Agency and execution profits went up by 35 per cent to $351 million.

Growth in prime services, foreign exchange and equities outweighed weaker energy revenue. This remained Marex’s largest segment, while market-making saw the fastest growth with revenue jumping 106 per cent to to $118.2 million.

Ian Lowitt, group chief executive said its strong performance beat Q1 figures.

“We are executing on our strategic plan to create a firm that can grow sustainably across a range of market environments,” Mr Lowitt said. “In every quarter since the IPO and in all but one quarter in the last five years, we have increased adjusted profit before tax from the year-earlier period.”

He said this growth trajectory has been achieved through a range of market environments as Marex’s underlying structural growth has offset cyclical factors.

“In the second quarter we continued to expand margins, improving our adjusted profit before tax margin by 250 basis points to 23.8 per cent,” Mr Lowitt said. “This reflects the increasing contribution from higher-margin, infrastructure-intensive businesses.”

In its Q2 financial reports, Marex said the redomiciliation aligned the corporate structure with Marex’s international business and supported its next phase of growth.

“Marex Group became the ultimate parent holding company of the group pursuant to a statutory scheme of arrangement under English law.”

Prior to July 1, 2026, the group’s parent company was Marex Group plc, a public limited company incorporated in England and Wales.