Argentex LLP, a provider of foreign exchange (forex) services, announced this Thursday that it has signed an exclusive FX partnership with International Sports Management (ISM), a sports management company in the United Kingdom.
Under the agreement, the FX service provider, which is regulated by the Financial Conduct Authority (FCA), will support the players that ISM represents, which includes athletes in the field of golf, rugby and show jumping.
Founded in 1989 by former European Tour golfer Andrew Chandler, ISM’s clients include golfing champions Louis Oosthuizen, Darren Clarke and British rising star Matt Wallace.
Argentex to Provide Investment Advice to ISM Clients
Argentex manages forex transactions for clients across Europe, Middle East and Africa (EMEA) region. It has a suite of tailored online FX products and experts, including bespoke Private Client services, when exchanging currencies. As part of the collaboration, the company will provide the players with investment advice and give them access to its forex services to allow them to manage their finances.
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Commenting on the deal, Harry Adams, the Group Co-CEO, Argentex said: “We are looking forward to working with the players that ISM represents and to provide them with independent advice and FX services to help them manage their finances effectively.
“Professional sport stars are businesses in their own right and cannot be expected to be administrators or accountants as well as be at the top of their game and this is where Argentex can offer support and expertise.”
“We understand the unique FX needs of professional sportspeople who are performing on the global stage, having worked with sports management firms for many years. The philosophy of ISM and the quality of sportspeople in their stable makes this partnership a natural fit, and we are excited to begin building a relationship.”
Through this collaboration, not only do selected sports athletes get access to financial advice, Argentex will be able to broaden its client base via the players being directed to them via ISM.