Press Room

Commercial FX specialist appoints new Director to oversee expansion in continental Europe.

Leading commercial foreign exchange specialist Monex Europe has appointed a new Director to its senior leadership team in Luxembourg.

David Brown, who joins Monex Europe with a wealth of experience from senior positions within Royal Dutch Shell’s finance team, will be responsible for growing the business throughout continental Europe.

Monex Europe opened a Luxembourg office (“Monex Europe S.A.”) in December 2020 and since then has been on a rapid expansion drive. The business already has over 850 clients on board and recently joined the Luxembourg Bankers’ Association (ABBL), which provides access to a community of 210+ companies in the local financial sector. With Monex Europe S.A’s online trading platform rolling out this month and an ongoing recruitment drive for an expanding sales team, the commercial foreign exchange specialist’s growth trajectory looks set to continue.

David Brown, Director at Monex Europe S.A. said:

I’m thrilled to have joined Monex Europe S.A at this incredibly exciting time for the business. The last six months have seen impressive growth and I’m looking forward to working with the team to continue this expansion well into the future.

Nick Edgeley, Non-Executive Director and CEO of Monex Europe added:

Our continental European operations enable us to serve our clients in a post-Brexit landscape and are a vital part of our growth plans. We’re delighted to welcome David to our Luxembourg Board and look forward to working together to further build the business.

Monex Europe S.A is an authorised payment institution that delivers services to clients across the EU/EEA region. It’s the third office the Monex group has opened in mainland Europe, having already established successful offices in Madrid in 2012 and Amsterdam in 2015 in addition to its headquarters in the City of London.