Monex Europe taps Tim Philip to head operations in UK, Spain, NL, CA, LUX, and SG

Rick Steves

Monex Europe has appointed Tim Philip as Global Operations Director, based in London and reporting to Nick Edgeley, Chief Executive Officer at Monex Europe.

The hire, which is subject to regulatory approval, strengthens the European provider of corporate FX and hedging at a time of structural change within the FX landscape as increased interest rates.

The appointment of Tim Philip follows those of David Whitcroft, John Gallagher, and Jacques de Villiers as Group Director of Risk & Treasury, Group Chief Technology Officer & Executive Director, and Director of Digital Strategy respectively, in July this year.

Focus on implementing operational best practice and strategic thinking

As Global Operations Director at Monex Europe, Tim Philip will be responsible for overseeing the firm’s operations, projects, and legal teams in the UK, Spain, The Netherlands, Canada, Luxembourg, and Singapore. His focus will be on implementing operational best practice and driving strategic thinking across the business.

Tim Philip joins Monex Europe from fintech Salary Finance Ltd, where he spent seven years as Global Chief Operating Officer and co-founder. There, he spearheaded team-led innovation across the business as it moved from start-up to scale-up.

His +20-year career also includes senior roles at Lloyds Banking Group and Orange, as well as Management Consultant at PA Consulting.

Tim Philip, Global Operations Director at Monex Europe, commented: “Monex Europe is at a very exciting stage in its growth journey, and I greatly look forward to leveraging my experience in both the structured corporate and fast-growth fintech worlds to realise the growth aspirations of the business.”

Nick Edgeley, Chief Executive Officer at Monex Europe, said: “Tim’s appointment highlights our commitment to significantly further our growth globally while providing consistent value for our clients and stakeholders. We are delighted to attract someone of his calibre into a role that will be vital in delivering our ambitions.”

Money Europe provides money remittance, unregulated spot FX transactions, and forwards excluded from MiFID regulation

Monex Europe offers a range of FX services aimed at corporate and institutional clients to manage foreign exchange exposure and international payments.

Monex Europe Holdings Limited operates various other subsidiaries in the FX industry; in the UK, Monex Europe Markets Limited; Monex Europe S.A. in Luxembourg, Spain and The Netherlands; Monex Canada Inc. in Toronto; MonFX Pte Ltd in Singapore.

Services are limited to money remittance, unregulated spot FX transactions, and forwards excluded from MiFID regulation on the basis that they are entered into for the purposes of payment facilitation and treated in the same way as spot FX. These forwards are not subject to MiFID II or EMIR.

Monex Europe Limited is authorised and regulated by the Financial Conduct Authority (FCA) under the Payment Services Directive (PSD) as an Authorised Payment Institution – firm registration number 463951.

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