Press Room

Monex Europe S.A., a specialist in commercial foreign exchange, has appointed Percy Golergant as Executive Director in Luxembourg.

Together with Carlo Biondi, who has served as Executive Director for the entity since March 2021, Percy will co-direct the office’s operations, including streamlining its IT solutions, enhancing its risk management services, and driving sales in the thriving market.

Part of the wider financial services group Monex S.A.P.I. de C.V. (“Monex”), a global investment-grade financial services institution, Monex Europe S.A. provides FX payment services to clients across the European Economic Area. Headquartered in Luxembourg, with a sales representative office in the Netherlands, Monex Europe S.A. was established in December 2020, and has since led a dedicated expansion drive, significantly growing its client base and enhancing its product offering.

As part of his remit, Percy will actively be responsible for overseeing these activities, collaborating closely with local senior management, and will play a key role in further developing Monex’s European operations, to deliver a high-quality service to corporate and institutional clients post-Brexit.

Prior to joining Monex Europe, Percy worked for Bank Hapoalim B.M. for over 20 years, where he headed up its Luxembourg entities for more than a decade. Percy started his career as an investment advisor in the banking sector in Israel and holds a Master of Business Administration from the Hebrew University of Jerusalem. He is fluent in Hebrew, Spanish, French and English, and has been an approved authorised manager by the Commission de Surveillance du Secteur Financier (CSSF) for 12 years.

Percy Golergant, Executive Director at Monex Europe S.A., said:

I am delighted to be joining Monex Europe S.A., a fast-growing, fast-paced business where I can bring my in-depth knowledge of the region’s market and regulatory intricacies to the table. A strong foundation has been built since its establishment just over two years ago – one which I am excited to develop and grow further as the firm enters the next chapter of its growth journey.

Carlo Biondi, Executive Director at Monex Europe S.A., added:

Heightened market volatility has unsurprisingly engendered greater appetite for hedging strategies from our clients, and thanks to our sophisticated systems and global payment solutions, we are ideally placed to respond to it. I am excited to work with Percy to further drive our expansion in the region, considering his extensive experience in the financial sector and local know-how, representing a significant asset to our strategic growth ambitions.


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