Global commodities brokerage Marex Spectron has announced on Monday the appointment of Ram Vittal as its new chief executive officer for its North American subsidiary.
Joined this month, he will be responsible for overseeing Chicago-based Rosenthal Collins Group (RCG) and other Marex Spectron North America metals, energy and agricultural brokerage teams in New York, Houston, Connecticut, and Calgary.
“I am excited to join Marex Spectron as it enters the next phase of its global growth story and look forward to working with the leadership team to build market share and expand the business further in the US,” Vittal said, mentioning his new role.
An expert with experience from big banks
He is joining the brokerage from Wall Street giant JP Morgan where he spent almost seven years in the role of a managing director, handling the bank’s global liquidity and working capital management, among others.
Prior to that, he was in a similar role at Goldman Sachs and spend nine-and-a-half years and handled major business moves including the bank’s expansion into India and also executed investment banking mandates across all products categories.
The trained-engineer started his career with Emerson Climate Technologies and later earned his MBA from Warton Business School, switching into the finance industry with the role of associate at Banc of America Securities.
“Ram is an impressive addition to our firm. His track record in investment banking, acquiring and growing businesses, coupled with his understanding of digital solutions and data analytics will be invaluable as we develop our North American business,” Ian Lowitt, global CEO of the brokerage, said.
The role is also crucial as Marex Spectron North America generates approximately a third of the group’s gross revenues.
“This is our fastest-growing region and our intention is to continue building our presence in the Americas to around half of our total revenues through organic expansion, new product development, and acquiring businesses where we see growth opportunities,” Lowitt added.
(Photo: Marex)
