Monex Europe, a specialist in commercial forex, announced on Tuesday the appointment of David Brown as a Director of its newly established Luxembourg office.
The press release shared with Finance Magnates highlighted that Brown will be responsible for the Mexico-headquartered company’s expansion efforts in the European region.
“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,” Brown said in a statement.
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Brown joined Monex Europe after his twelve-year-long tenure working with the finance team at Royal Dutch Shell. There, he held multiple positions and parted as the Head of Risk and Performance. He had another five-year stint with Shell at the beginning of his career, and, in between, he served Barclays as the GBP Risk Manager for six months.
Expanding European Business
Monex Europe launched its Luxembourg-based entity, Monex Europe S.A., last December following Brexit to bring its business closure to the European regulators. Before that, it ran its European operations from the London headquarters with two other branches located in Madrid and Amsterdam.
Additionally, Brown’s appointment came at a crucial time when the platform is rolling out its online trading platform this month and expanding its sales team.
Nick Edgeley, Monex Europe’s Non-Executive Director and CEO, commented: “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.”