The London-based foreign exchange specialist Monex has opened an office in Luxembourg to serve its EU-based clients after the Brexit transition period ends on 31 December.
The presence in Luxembourg will enable Monex to continue to provide foreign exchange and international payment services to customers based in Europe without any disruptions, said Monex Europe CEO Nick Edgeley.
‘Luxembourg is known as a gateway to the single market and we are very pleased to have been licensed by the Commission de Surveillance du Secteur Financier to operate as an authorised payment service provider,’ he added. The Luxembourg branch is Monex Europe’s third office in Continental Europe, in addition to the offices in Madrid (since 2012) and Amsterdam (since 2015).