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Argentex moves to larger Netherlands office as European expansion continues

Ongoing commitment to international expansion a key strategic pillar for Argentex’s growth

London / Amsterdam, 30 March 2023 – Argentex Group Plc, the provider of bespoke foreign exchange services to businesses and financial institutions, today announces that Argentex B.V., the subsidiary of Argentex Group in the Netherlands, has moved to a new office in Herengracht 54, Amsterdam, more than doubling office capacity in the country.

Argentex has been present in the Dutch market since 2020 and obtained an electronic money licence from the Dutch National Bank in 2022. Situated in the core of the city’s business district, the new office solidifies the Company’s expansion strategy into the Dutch market and moves operations closer to the businesses demanding its products and services. The office will also serve as a springboard for Argentex to capitalise on new opportunities in the wider, fast-growing European cross-border payments market, which is projected to grow to $348.8 billion by 2027[1].

Argentex has taken a long-term commitment on the office space, allowing for a workforce of up to 60 permanent employees in the Netherlands. The team has grown substantially across client facing and back-office roles since the Company’s initial entry to the market only three years ago.

We are committed to providing expert advice and an evolving product set to help our clients navigate changing market conditions, wherever they are based.

Harry Adams, CEO, Argentex Group PLC

Harry Adams, CEO of Argentex, said: “Recent market volatility and geopolitical tensions have increased currency risk exposure for European businesses and financial institutions, who are seeking expert advice on how to effectively manage their risk exposure. We are committed to providing expert advice and an evolving product set to help our clients navigate changing market conditions, wherever they are based. Our international expansion strategy now allows us to service clients globally, including from Australia and The Netherlands. Our new offices in Amsterdam are symbolic of the strength of our offering in Europe and will further support us in identifying new opportunities for international growth – a core pillar for our business’s ongoing success.”

Jørn Andriessen, Managing Director of Argentex B.V., continued: “Amsterdam is a vibrant, dynamic city at the heart of Europe’s cultural and economic life, and is home to some exciting businesses. Building on a long-term commitment to the country, our new office space will increase our capacity to support these local firms while enhancing our European platform. I look forward to working alongside our growing team to expand our presence in the city further.”

The new office announcement comes as Barbara Roeling, Head of Legal & Compliance, and Laurens Maartens, Head of Operations, are appointed as members of the Management Board at Argentex B.V.

[1] BCC Research: Cross-border Payments: Global Market Trends and Forecast (2022 – 2027)

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