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Thursday, May 23, 2024

Argentex Expands Global Reach with AFSL for Currency Risk Management

by

Tareq Sikder

  • The firm expands to offer tailored currency risk solutions to Australian wholesale clients.
  • The ASIC-granted AFSL allows managing currency volatility while operating as a remittance provider registered with AUSTRAC.
FM

Argentex, a London-based currency risk management and
alternative banking specialist, has secured an Australian Financial Services
License (AFSL). The license, granted by the Australian Securities and
Investments Commission (ASIC), enables Argentex Pty Ltd, the Australian entity
of Argentex, to offer tailored currency risk management solutions and global
accounts to wholesale clients throughout Australia.

Offering Currency Risk Solutions

This follows Argentex’s expansion in Europe, indicating its
strategic aim for global scalability . With the AFSL, Argentex is set to offer
services to Australian businesses, aiding in currency volatility management.

Jim Ormonde, CEO at Argentex, Source: LinkedIn

Argentex Pty Ltd. is registered as an independent remittance
provider with AUSTRAC, and the AFSL authorizes the company to provide
international payments and currency risk management solutions specifically to
wholesale clients in Australia.

Jim Ormonde, CEO at Argentex, commented: “Australia is a
dynamic market with diverse currency needs and we are thrilled to receive the
AFSL. It reflects our strong reputation and leverages the group’s experience to
diversify into broader alternative banking markets more progressively. As part
of our long-term growth plans and strategy, the license highlights our
conviction to transform the business into a global, cross-border, financial
solutions provider.”

Argentex enters Australia, secures AFSL license from ASIC –
“With the AFSL in place, we are ready to serve Australian businesses with integrity, transparency, and reliability, showcasing our insights and risk management solutions across global FX markets. Our team looks forw… pic.twitter.com/SaRm1ABqYk ↗

— The Industry Spread (@industryspread) May 23, 2024 ↗

Expanding Presence in International Markets

Mark Brown, Managing Director, Argentex. Australia, Source: LinkedIn

This achievement reflects Argentex’s focus on providing
specialized foreign exchange services to corporate clients and financial
institutions, further establishing its presence in key international markets.

Mark Brown, Managing Director for Australia, said:
“Australia is an underserved market and one where technology alongside superior
service presents exciting opportunities. The AFSL license empowers us to
collaborate with Australian businesses to help them thrive in the global
marketplace.”

“With the AFSL in place, we are ready to serve Australian
businesses with integrity, transparency, and reliability, showcasing our
insights and risk management solutions across global FX markets. Our team looks
forward to building lasting partnerships with clients and facilitating their
growth.”

Argentex, a London-based currency risk management and
alternative banking specialist, has secured an Australian Financial Services
License (AFSL). The license, granted by the Australian Securities and
Investments Commission (ASIC), enables Argentex Pty Ltd, the Australian entity
of Argentex, to offer tailored currency risk management solutions and global
accounts to wholesale clients throughout Australia.

Offering Currency Risk Solutions

This follows Argentex’s expansion in Europe, indicating its
strategic aim for global scalability . With the AFSL, Argentex is set to offer
services to Australian businesses, aiding in currency volatility management.

Jim Ormonde, CEO at Argentex, Source: LinkedIn

Argentex Pty Ltd. is registered as an independent remittance
provider with AUSTRAC, and the AFSL authorizes the company to provide
international payments and currency risk management solutions specifically to
wholesale clients in Australia.

Jim Ormonde, CEO at Argentex, commented: “Australia is a
dynamic market with diverse currency needs and we are thrilled to receive the
AFSL. It reflects our strong reputation and leverages the group’s experience to
diversify into broader alternative banking markets more progressively. As part
of our long-term growth plans and strategy, the license highlights our
conviction to transform the business into a global, cross-border, financial
solutions provider.”

Argentex enters Australia, secures AFSL license from ASIC –
“With the AFSL in place, we are ready to serve Australian businesses with integrity, transparency, and reliability, showcasing our insights and risk management solutions across global FX markets. Our team looks forw… pic.twitter.com/SaRm1ABqYk ↗

— The Industry Spread (@industryspread) May 23, 2024 ↗

Expanding Presence in International Markets

Mark Brown, Managing Director, Argentex. Australia, Source: LinkedIn

This achievement reflects Argentex’s focus on providing
specialized foreign exchange services to corporate clients and financial
institutions, further establishing its presence in key international markets.

Mark Brown, Managing Director for Australia, said:
“Australia is an underserved market and one where technology alongside superior
service presents exciting opportunities. The AFSL license empowers us to
collaborate with Australian businesses to help them thrive in the global
marketplace.”

“With the AFSL in place, we are ready to serve Australian
businesses with integrity, transparency, and reliability, showcasing our
insights and risk management solutions across global FX markets. Our team looks
forward to building lasting partnerships with clients and facilitating their
growth.”

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