“With the AFSL in place, we are ready to serve Australian businesses with integrity, transparency, and reliability, showcasing our insights and risk management solutions across global FX markets. Our team looks forward to building lasting partnerships with clients and facilitating their growth.”
Argentex has secured an Australian Financial Services License (AFSL) in a milestone for the London-headquartered currency risk management and alternative banking specialist.
Granted by the Australian Securities and Investments Commission (ASIC), the AFSL allows Argentex’s Australian entity (Argentex Pty Ltd) to offer bespoke currency risk management solutions and global accounts to wholesale clients across Australia.
Following a successful expansion in Europe, the new license manifests Argentex’s growth strategy to scale globally.
“Australia is an underserved market”
Argentex, which delivers tailored foreign exchange services to corporate clients and financial institutions, will now be empowering Australian businesses to effectively navigate currency volatility.
Argentex Pty Ltd. is a registered independent remittance provider (registration number IND100838404-001) with AUSTRAC. The license, with registration number 540430, authorizes Argentex Pty Ltd. to provide international payments and currency risk management solutions to wholesale clients in Australia.
Jim Ormonde, CEO at Argentex, commented: “Australia is a dynamic market with diverse currency needs and we are thrilled to receive the AFSL. It reflects our strong reputation and leverages the group’s experience to diversify into broader alternative banking markets more progressively. As part of our long-term growth plans and strategy, the license highlights our conviction to transform the business into a global, cross-border, financial solutions provider.”
Mark Brown, Managing Director for Australia, said: “Australia is an underserved market and one where technology alongside superior service presents exciting opportunities. The AFSL license empowers us to collaborate with Australian businesses to help them thrive in the global marketplace. With the AFSL in place, we are ready to serve Australian businesses with integrity, transparency, and reliability, showcasing our insights and risk management solutions across global FX markets. Our team looks forward to building lasting partnerships with clients and facilitating their growth.”
