NEX Group plc, a financial technology company helping integrate banks, asset managers, and global hedge funds, will be relocating its New York and London offices, per a transition for the group.
Beginning as early as the end of the month, NEX Group’s core business in New York – in particular the group will relocate to new offices at 4 Times Square, representing its new basis of operations in the city. The office will effectively aggregate all of NEX’s New York businesses in one cohesive location, allowing for closer proximity to its client base.
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The move to its new office comes at a critical juncture for NEX Group, given its ongoing negotiations with Ashurst, regarding the leasing 115,000 square feet of office space in the London Fruit and Wool Exchange for its new London headquarters. The relocation would be noteworthy given the group had been based out of its Broadgate office for more than thirteen years – unlike its New York operations, NEX’s move to the London Fruit and Wool Exchange is slated to take place in only in 2019 however.
According to Jenny Knott, Chief Executive Officer of NEX Optimisation, in a statement on the office changes, “Like NEX, the London Fruit and Wool Exchange has undergone a transformation since its origins as London’s pre-eminent goods market. NEX is a financial technology business so we are really excited to be moving closer to a technology and commercial hub which aligns more closely with the NEX brand, and which provides the highest quality space for our employees.”
“The birth of NEX signals the start of a new brand, a new beginning and a wealth of new opportunities. I am really looking forward to working in our new offices which perfectly capture our new direction. A pure technology solutions based company who stay close to their clients,” added Seth Johnson, Chief Executive Officer of EBS BrokerTec, in an accompanying statement.