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PRESS RELEASE
Cambridge International Securities and COEX Partners Unite to Expand Fixed Income Credit Business
New York and London, May 15, 2025 – Cambridge International Securities, a US- and UK-based independent fixed income broker-dealer, today announced the sale of its credit business to COEX Partners, a leading multi-asset agency execution specialist. The transaction marks an important milestone for Cambridge and represents a strategic opportunity for COEX Partners to enter the agency fixed income credit market and expand its global multi-asset execution offering for institutional investors.
Under the agreement, COEX Partners will acquire substantially all of Cambridge’s assets, adding capabilities across a range of fixed-income products. The integration is expected to be completed in June 2025, after which the business will operate as Cambridge COEX Partners.
As part of this transition, Henry Nevstad will be appointed Global Head of Agency Credit, based in London and reporting to Robert Bond, CEO of Coex Partners. Bill Weber will remain in the U.S. to support a smooth transition and contribute to the firm's growth in the fixed-income credit market.
Kate Buckley and Bill Weber, co-founders and principals of Cambridge International Securities, commented:
"For over 30 years, we have built a strong reputation and lasting relationships in the fixed-income credit market. We would like to use this opportunity to thank our clients, partners and team for the trust they have put in us over the years. We are tremendously excited to be joining forces with COEX Partners and to continue to grow the business globally."
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Robert Bond, CEO of COEX Partners, stated:
"COEX has experienced strong, consistent growth, expanding into new asset classes and regions. Entering the fixed-income credit space has been a strategic priority for us, and Cambridge’s deep expertise in this sector makes them an ideal partner. We are excited to build on their legacy and welcome their talented team to COEX Partners."
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Henry Nevstad, CEO and principal of Cambridge International Securities, stated:
“This partnership unlocks significant opportunities for both our clients and employees. By leveraging COEX Partners’ scale, extensive global footprint, and broader group resources and relationships, we can attract top talent, expand our team across key financial hubs, and ultimately deliver greater value to our clients. We look forward to this next chapter of growth.”
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About Cambridge International Securities
Founded over 30 years ago, Cambridge International Securities is an independent fixed income broker-dealer with offices in the U.S. and UK. The firm is known for its credit market expertise, long-standing institutional relationships, and global execution capabilities.
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About COEX Partners
COEX Partners is an agency execution specialist providing trade advisory and execution services across asset classes, including FX, interest rate swaps, relative value, credit, and soft commodities. Services cover the full trade lifecycle with a focus on precision, market insight, and tailored strategies. Clients benefit from full trading anonymity, deep liquidity access, and high-touch service. COEX Partners is part of the TP ICAP Group.
https://tpicap.com/coexpartners/
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About TP ICAP Group
TP ICAP is a leading markets infrastructure and data solutions provider, connecting buyers and sellers across wholesale financial, energy, and commodities markets. As the world’s largest wholesale market intermediary, the Group offers broking, trade execution, data, analytics, and market intelligence services.