RCS - Argentex Group PLC - AGFX secures Australian Financial Services License

ArgentexAnnouncement

04/06/2024 07:00

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RNS Number : 9095Q  Argentex Group PLC  04 June 2024

 
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 (mailto:investorrelations@argentex.com)

 

Teneo (Financial PR)

James Macey-White / Victoria Boxall / Rashida Salemahomed

argentex@teneo.com (mailto:argentex@teneo.com) , 020 7260 2700

 

Singer Capital Markets (Nominated Adviser and Broker)

Tom Salvesen / James Maxwell  / Angus Campbell

020 7496 3000

 

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