• Argentex receives AFSL, allowing it to offer customized currency risk management solutions and global accounts to Australian wholesale clients.
  • The move signifies Argentex’s expansion into the Australian market and its commitment to becoming a global financial solutions provider.

Argentex Group plc, a leading provider of currency risk management and alternative banking solutions based in London, has been granted an Australian Financial Services License (AFSL) by the Australian Securities and Investments Commission (ASIC).

This significant milestone allows Argentex to expand its services to wholesale clients in Australia, offering tailored currency risk management and global account solutions.

Jim Ormonde, CEO of Argentex, expressed his enthusiasm, stating, “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.”

The move into Australia aligns with Argentex’s long-term growth plans and strategy to become a global, cross-border financial solutions provider.

Mark Brown, Managing Director for Australia at Argentex, emphasized the opportunities in the underserved Australian market and the potential to leverage technology and superior service to meet client needs.

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