COMPANY REGISTRATION NUMBER 11965856
4 June 2024
Argentex
Group PLC
("Argentex" or the "Group")
Argentex secures Australian
Financial Services License
Argentex Group PLC (AIM: AGFX), the
global specialist in currency risk management and alternative
banking, is pleased to announce that it has been granted its
Australian Financial Services License (AFSL), a pivotal step in the
business's strategic plan.
The license, granted by the
Australian Securities and Investments Commission (ASIC), allows
Argentex's Australian entity (Argentex Pty Ltd) to offer bespoke
currency risk management solutions and global accounts to wholesale
clients across Australia.
A Strategic
Milestone
With a strong track record in
delivering tailored foreign exchange services to corporate clients
and financial institutions, the Australian license underscores
Argentex's commitment to providing best-in-class solutions and
empowering Australian businesses to effectively navigate currency
volatility. Following a successful expansion in Europe, the new
license manifests Argentex's growth strategy to scale
globally.
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."
Mark Brown, Managing Director for Australia,
added: "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."
-END-
Note:
Argentex Pty Ltd. is a registered
independent remittance provider (registration number
IND100838404-001) with AUSTRAC. The license, with registration
number 540430, authorizes Argentex Pty Ltd. to provide
international payments and currency risk management solutions to
wholesale clients in Australia.
For further information, please
contact:
Argentex Group PLC
Jim Ormonde - Chief Executive
Officer
Guy Rudolph - Interim Chief Financial
Officer
investorrelations@argentex.com
Teneo (Financial PR)
James Macey-White / Victoria Boxall /
Rashida Salemahomed
argentex@teneo.com,
020 7260 2700
Singer Capital Markets (Nominated Adviser and
Broker)
Tom Salvesen / James Maxwell /
Angus Campbell
020 7496 3000
