Company FX and hedging supplier Monex Europe has introduced that it has strengthened its FX Choices group with two senior appointments. Michael Huggett joins as Senior Choices Dealer, and Chris Weeks (pictured above) joins as Head of Choices Gross sales. Each will report into Tom Farrow, Group Director of Buying and selling.
Michael Huggett has 30 years’ expertise in monetary markets. He joins Monex Europe from HSBC International Markets, the place he was Director of UK Company Gross sales, liable for the agency’s FX Spinoff options. Earlier roles additionally embody Head of FX Structuring at Lloyds Financial institution.
Chris Weeks has over a decade of expertise within the business and an intensive observe document in managing refined hedging methods for purchasers. He joins Monex Europe from FX funds and threat administration supplier Convera (previously Western Union Enterprise Options), the place he was Head of Hedging.
Of their new positions, Chris and Michael can be liable for enhancing and increasing Monex’s full suite of hedging options, together with FX and rate of interest derivatives.
Tom Farrow, Group Director of Buying and selling at Monex Europe, stated:
“With rising financial and market uncertainty making it tougher than ever for companies to forecast with confidence, we’re delighted to offer our purchasers a world market-leading suite of hedging options, which is able to allow them to determine and mitigate threat whereas benefiting from unstable circumstances. Chris and Michael’s unparalleled expertise and complementary skillsets can be instrumental in fulfilling our goal to set a brand new business benchmark in our Choices options.”
Michael Huggett, Senior Choices Dealer at Monex Europe, stated:
“What attracted me to hitch Monex Europe is its ambition to go far past current competitor choices which might be primarily based on a transaction-led strategy by constructing a brand new full-service platform that gives purchasers with strategic recommendation and hands-on assist by way of each stage of their journey. I can be targeted on leveraging my expertise to offer each current and new purchasers with the absolute best service.”
Chris Weeks, Head of Choices Gross sales at Monex Europe, stated:
“I’m thrilled to be becoming a member of Monex Europe at such an thrilling stage in its development journey. I look ahead to working with the prevailing group on growing and executing a complicated full-service hedging resolution that additional strengthens the agency’s fame as a trusted associate of alternative.”
About Monex Europe
Monex Europe Restricted is headquartered in London and is a specialist in industrial international change, providing a spread of FX companies geared toward company and institutional purchasers to handle international change publicity and worldwide funds. It’s a part of the broader monetary companies group, Monex S.A.P.I. de C.V. (previously Monex S.A.B. de C.V.) (“Monex”), an investment-grade monetary companies establishment.