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R.J. O’Brien acquires Dubai-based Lombard Forte

Securities broker looks to expand geographic reach

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Futures brokerage R.J. O’Brien has acquired an interdealer broker based in Dubai International Financial Center (DIFC) as it looks to expand its footprint and products in the region.

Lombard Forte Securities has been acquired by the R.J. O’Brien Middle East and North Africa (MENA) affiliate, which R.J. O’Brien established in 2018.

The interdealer broker specializes in cash equities, ETFs, equity derivatives, fixed income and structured products for hedge funds, asset managers and large investment bank clients globally. Terms of the deal were not disclosed.