Monex Canada Continues Growth with Regional Expansion and Quebec Hires

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Monex Canada adds experienced industry professionals with over 30 years to drive continued growth path across the region

TORONTO, September 26, 2024 --(BUSINESS WIRE)--Monex Canada Inc. ("Monex Canada"), a subsidiary of the wider financial services group Monex S.A.P.I. de C.V. ("Monex"), a global investment-grade financial services institution and one of the world’s leading commercial foreign exchange specialists, is pleased to announce the appointments of David Ohana as Senior Corporate Dealer and Olivier Bellemare as Senior Options Dealer for the Quebec regional office.

With market uncertainty across the country, Monex Canada has been expanding its regional presence to better address the increasing demand from Canadian organizations to mitigate risks in foreign exchange trading. David and Olivier join Monex Canada’s growing team of foreign exchange specialists who work alongside organizations to design and execute tailored foreign currency risk strategies. Both French speakers bring to Monex Canada a combined 30 years of experience serving global payments and risk management. Their addition to the team will ensure Monex Canada has a greater understanding of the local market.

Anil Sawrup, Chief Executive Officer of Monex Canada, said: "It is with great excitement that we welcome David Ohana and Olivier Bellemare to Monex Canada. We are proud of the strength and expertise of the staff at Monex Canada, especially our two new additions, who will be instrumental in helping us achieve our mission of growth as we look forward to 2025. The present state of the international economy requires people that have a thorough understanding of global payment complexities on a local, regional, and international level. Localizing our team with David and Olivier ensures that we can solve our Canadian clients’ foreign exchange challenges through in-depth local expertise and global knowledge."

David has extensive experience in the foreign exchange (FX) and payments space, having led different strategic roles and built standalone FX programs within Schedule I banks in Canada. David’s hands-on approach to establishing FX programs involved him working with multiple stakeholders across departments and gives him unique insight into building strong and strategic partnerships throughout organizations.

Olivier previously led the Montreal Institutional Corporate FX desk at RBC Capital Markets where he spearheaded foreign exchange efforts. Alongside his financial experience, Olivier has an academic background in Neuroscience. His multi-disciplinary background gives him an analytical edge that will be crucial for structuring hedging solutions, risk mitigation strategies and establishing strong client relationships at Monex Canada.

The Monex group already has a vast global footprint across Europe, Asia Pacific and North America, offering an extensive portfolio of commercial and deliverable foreign exchange, as well as FX-related payment services and FX derivative products on either an advised or execution-only basis for professional clients only. Monex Canada, currently headquartered in Toronto, has been enjoying a year of extensive growth within the FX industry. The two new hires further cement the company’s regional expansion beyond Ontario into Quebec. Monex Canada will soon be expanding into Western Canada with offices set to open in Calgary, Winnipeg, and Vancouver.

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EDITOR NOTES

About Monex Canada Inc.

Monex Canada Inc. ("Monex Canada") is an independent subsidiary of Monex Europe Holdings Limited ("MEHL"). Part of the wider financial services group, Monex S.A.P.I. de C.V. ("Monex"), MEHL oversees a diverse range of subsidiaries actively engaged in the FX and payments industry. These subsidiaries include Monex Europe Limited, Monex Europe Markets Limited, Monex Europa S.L., Monex Europe Markets S.V., S.A.U., Monex Europe S.A., MonFX Pte. Ltd. and Monex Canada Inc., with offices in the UK, Spain, the Netherlands, Luxembourg, Singapore and Toronto.

Established in 1985, Monex is a distinguished investment-grade financial services institution, catering to an extensive clientele of over 66,000 worldwide. In the dynamic and challenging global landscape of 2023, Monex orchestrated an impressive US$309 billion in deliverable FX trades and managed assets totaling US$10.7 billion. Monex’s global reach extends across key financial hubs in North America, Latin America, Europe, and Asia, with a dedicated team of over 2,600 professionals.

For more information, please visit: www.monexcanada.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20240926475270/en/

Contacts

For media inquiries, please contact: Nikky Saini Magnolia Marketing Communications E: nikky@magnoliamc.com

For all other inquiries, please contact: marketing@monexcanada.com

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