Monex Europe S.A., a Luxembourg-based specialist in commercial foreign exchange, announced the appointment of Percy Golergant as executive director for Luxembourg. He will work alongside Carlo Biondi, who has held the role of executive director since March 2021.
Golergant and Biondi will co-direct the Luxembourg office’s operations. This includes streamlining its IT solutions, enhancing risk management services, and driving sales in the market.
Monex Europe S.A. operates under the wider financial services group Monex S.A.P.I. de C.V., a global investment-grade financial institution. Offering foreign exchange payment services across the European Economic Area, Monex Europe S.A. has seen substantial growth since its establishment in December 2020.
Golergant’s responsibilities will encompass these activities, as he will work closely with local senior management. He is also expected to play a crucial role in further expanding Monex’s European operations to cater to corporate and institutional clients post-Brexit.
Bank Hapaolim
Before joining Monex Europe, Golergant spent over 20 years at Bank Hapoalim B.M., where he led its Luxembourg entities for more than a decade. With fluency in Hebrew, Spanish, French, and English, Golergant holds an MBA from the Hebrew University of Jerusalem and has been an approved authorized manager by the Commission de Surveillance du Secteur Financier (CSSF) for 12 years.
In statements, both Golergant and Biondi expressed enthusiasm about their collaboration. Golergant highlighted his in-depth knowledge of the region’s market and regulatory intricacies, while Biondi emphasized the advantage of Golergant’s extensive experience in the financial sector and local know-how.
“I am delighted to be joining Monex Europe S.A., a fast-growing, fast-paced business where I can bring my in-depth knowledge of the region’s market and regulatory intricacies to the table,” Golergant said.
“Heightened market volatility has unsurprisingly engendered greater appetite for hedging strategies from our clients, and thanks to our sophisticated systems and global payment solutions, we are ideally placed to respond to it,” Biondi added.
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