Argentex LLP, the FCA regulated provider of foreign exchange services to corporate and private clients across EMEA, has just announced Oliver Hemsley as a new investor in the Company.
Oliver Hemsley has had a highly successful career as the founder and CEO of Numis Securities, which he grew to circa 200 employees and a market capitalisation of over £400 million.
Hemsley also becomes a member of the Advisory Board, providing strategic support to the Argentex management team led by Founders and Co-Chief Executives Carl Jani and Harry Adams, who have driven strong revenue and profit growth since the Company’s inception in 2011, overseeing $10bn of currency transactions in 2017.
In addition, Lord Digby Jones, Chairman of Argentex’ Advisory Board will also become an investor in the Company.
Harry Adams, Co-CEO at Argentex commented:
We are pleased to welcome such a well-respected, senior figure to Argentex. Oliver’s investment and unrivalled expertise in building a leading financial services business from the ground up, will be invaluable in helping us deliver on our strategic growth ambitions.
Following recent investment in achieving full regulatory compliance we are confident in our future prospects and remain well placed to drive further client growth and look forward to building on our suite of products and advisory services as we aim to become the FX provider of choice.
Oliver Hemsley added:
Argentex’ differentiated and best in class FX platform provides a unique investment opportunity and I am delighted to be joining the very experienced Advisory Board. The Company has exhibited strong performance and leading corporate governance standards since it was established, and I look forward to partnering with Harry, Carl and the team to support Argentex through its next stage of growth.
The announcement follows another six months of strong growth for Argentex across all key metrics. Unaudited figures show the business has entered the 2019 financial year with increased operational and strategic momentum underpinned by a growing demand for the company’s products and services as well as increased volatility in the currency markets.
Argentex reported record monthly revenues in September of over £2 million. The volume of currency traded for the six months to 30 September 2018 rose to over £5.1 billion, generating revenues of more than £9.4 million, an increase of 47% over the same period last year.