William Tracey, the co-founder and Group Sales Director of Monex Europe, the European arm of the Monex Group, has stepped down from his position as a director with the firm.
The move was first announced via a regulatory filing with UK Companies House earlier this week, which stated that Tracey’s position as a Director was terminated on the 1st of April this year.
Finance Magnates reached out to Monex Europe to confirm this move and to clarify the motivation behind it. The company confirmed that Tracey has taken a step back from the business for personal reasons, but he still remains very much a part of the Monex family.
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Speaking on the move, Nick Edgeley, the Managing Director of Monex Europe who co-founded the company with Tracey and Shelton Fray said: “We would like to thank Will for his remarkable contributions and being part of making Monex Europe the success that it is today.
“Will shall always retain close ties to Monex, but after 13 years in Foreign Exchange, he has chosen to take a step back to spend more time with his young family and to pursue other business interests. We wish Will the very best of luck for the future. ”
It is not clear what Tracey’s next move will be. His LinkedIn still states that his current employment is the Sales Director and Founder of Monex Europe, a position which he has held since December of 2006.
Monex Group Acquired Schneider Foreign Exchange in 2012
Tracey, alongside Edgeley and Fray, originally founded Schneider Foreign Exchange together. However, in July of 2012, Monex S.A.B. (also known as Monex Group) acquired the firm and then renamed it to Monex Europe Ltd.