Monex Europe taps Michael Huggett and Chris Weeks to spearhead FX Options

Rick Steves

In their new positions, Chris and Michael will be responsible for enhancing and extending Monex’s full suite of hedging solutions, including FX and interest rate derivatives.

Monex Europe has announced the appointment of Michael Huggett as Senior Options Trader and Chris Weeks as Head of Options Sales, reporting to Tom Farrow, Group Director of Trading.

The provider of corporate FX and hedging solutions has decided to strengthen the FX Options team with these two senior appointments in order to better address the industry’s hedging challenges amid growing economic and market uncertainty.

Michael Huggett and Chris Weeks were brought to Monex Europe to spearhead the development and rollout of a best-in-class suite of hedging solutions.

Michael Huggett and Chris Weeks to enhance FX hedging solutions

Michael Huggett, an industry veteran with 30 years of experience, joins Monex Europe from HSBC Global Markets, where he was Director of UK Corporate Sales, responsible for the firm’s FX Derivative solutions. Previous roles also include Head of FX Structuring at Lloyds Bank.

Chris Weeks, who has more than a decade of experience in managing sophisticated hedging strategies under his belt, joins Monex Europe from FX payments and risk management provider Convera (formerly Western Union Business Solutions), where he was Head of Hedging.

In their new positions, Chris and Michael will be responsible for enhancing and extending Monex’s full suite of hedging solutions, including FX and interest rate derivatives.

Tom Farrow, Group Director of Trading at Monex Europe, said: “With growing economic and market uncertainty making it harder than ever for businesses to forecast with confidence, we are delighted to be offering our clients a global market-leading suite of hedging solutions, which will enable them to identify and mitigate risk while benefiting from volatile conditions. Chris and Michael’s unparalleled experience and complementary skillsets will be instrumental in fulfilling our objective to set a new industry benchmark in our Options solutions.”

Michael Huggett, Senior Options Trader at Monex Europe, said: “What attracted me to join Monex Europe is its ambition to go far beyond existing competitor offerings that are based on a transaction-led approach by building a new full-service platform that provides clients with strategic advice and hands-on support through every stage of their journey. I will be focused on leveraging my experience to provide both existing and new clients with the best possible service.”

Chris Weeks, Head of Options Sales at Monex Europe, said: “I am thrilled to be joining Monex Europe at such an exciting stage in its growth journey. I look forward to working with the existing team on developing and executing a sophisticated full-service hedging solution that further strengthens the firm’s reputation as a trusted partner of choice.”

Monex Europe is a specialist in commercial foreign exchange, offering a range of FX services aimed at corporate and institutional clients to manage foreign exchange exposure and international payments.

Part of the Monex group, Monex Europe Limited is headquartered in London (UK) and is an independent subsidiary of Monex Europe Holdings Limited. Monex Europe Holdings Limited operates various subsidiaries in the FX industry, comprising of Monex Europe Limited, Monex Europe Markets Limited, Monex Europe S.A., Monex Canada Inc., MonFX Pte Ltd.; with offices in the UK, Spain, the Netherlands, Luxembourg, Toronto and Singapore.

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