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Seasoned industry executive to guide Monex Canada through next chapter of growth, with a focus on regional expansion in the Canadian market

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 appointment of Anil Sawrup as its new Chief Executive Officer.

With a remarkable career in financial services spanning over two decades, Mr. Sawrup is a growth-focused leader and accomplished industry executive with an impressive track record of driving effective change and realizing businesses’ full growth potential. Mr. Sawrup is distinguished by his hands-on approach, emphasizing the importance of prioritizing both commercial growth and strategic hiring to boost regional presence and expand mid- and back-office functions as Monex Canada continues its upward trajectory. The Monex group has a vast global footprint, operating numerous subsidiaries in the FX industry, with a significant presence in Europe, Asia Pacific and North America.

Nick Edgeley, Chief Executive Officer of MEHL, said:

Anil’s dynamism, unparalleled industry knowledge, pursuit of strategic growth opportunities and willingness to ‘roll up his sleeves’ to get the job done align perfectly with our mission to meaningfully expand our footprint in Canada, a major target market in the global landscape. With his extensive experience in business development and record of demonstrated success, we have the utmost confidence in his strategic vision and ability to accelerate the next phase of growth for Monex Canada.

Prior to joining to Monex Canada, Mr. Sawrup held several senior positions at leading financial services firms, spearheading efforts to significantly grow regional presence in competitive markets. During his time at Cambridge Global Payments, he held positions as Senior Vice President, Managing Director, and later assumed responsibilities as Chief Commercial Officer, executing strategic initiatives that led to exponential growth and successfully positioning the organization as one of the fastest-growing companies in terms of P&L. Most recently, Mr. Sawrup served as Head of Sales (Americas) at Moneycorp, where he was instrumental in reshaping the company’s sales activities, optimizing market penetration strategies and fostering strong relationships across North America.

Anil Sawrup, Chief Executive Office of Monex Canada, said:

This is a pivotal moment for Monex, and I am grateful and excited for the opportunity to build on its legacy and strengthen its regional presence to take the firm to new heights in the Canadian market. I look forward to collaborating with the exceptionally talented team at Monex Canada to usher in an exciting new era of growth in one of world’s most significant markets.

Strategic Expansion in the Canadian Market

With the appointment of Mr. Sawrup as CEO, Monex Canada is focused on enhancing existing Canadian operations by establishing regional centres of excellence and providing a framework for the firm to empower more Canadian clients. This strategic regional expansion reflects the Company’s unyielding commitment to serving clients nationwide and underscores its belief in the incredible potential that each region holds.

Canada is an incredibly diverse country, and as we set our sights on the vast opportunities it has to offer, we understand the critical importance of connecting with businesses from coast-to-coast. We are eager to build lasting partnerships and contribute to the economic growth of our communities, and as we venture into new territories, our vision remains unwavering – to be a catalyst for positive change and a trusted partner in the Canadian business landscape.

continued Mr. Sawrup, CEO of Monex Canada. 

Executing on this strategic vision and under Mr. Sawrup’s leadership, Monex Canada has since secured key hires located in Western and Central Canada as of February 2024, with further plans to expand the team in Québec and Eastern Canada by 2025/2026.



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