FCA regulated provider of foreign exchange services to institutions, corporates and high net worth private individuals, Argentex Group PLC, has just announced that it has added one of Scotland’s best-known business leaders, Lena Wilson, CBE FRSE to its team as Senior Independent Director and Chairwoman of the Nominations Committee.
Lena Wilson currently serves on the Board of The Royal Bank of Scotland Group plc and a number of its subsidiaries, Intertek Group plc and Scottish Power Renewables Ltd.
Wilson was Chief Executive of Scottish Enterprise from 2009 until 2017, prior to which she was Chief Executive Officer of Scottish Development International, Scotland’s international trade and investment arm.
Wilson was previously Senior Investment Advisor to The World Bank in Washington DC, advising developing countries on foreign direct investment and private sector development. She has also served as a member of Scotland’s Financial Services Advisory Board and as Chair of Scotland’s Energy Jobs Taskforce.
Wilson joins Argentex’s non-executive members of the board including:
- Lord Digby Jones, Non-Executive Chairman;
- Nigel Railton, Independent Non-Executive Director;
- Henry Beckwith, Non-Executive Director and
- Jonathan Gray, Independent Non-Executive Director.
Harry Adams and Carl Jani, Co-CEOs of Argentex Group PLC said:
We have long admired Lena’s impressive career and are delighted to announce that she is joining our Board of Directors. Her international experience and outlook will be extremely valuable as we embark on our next stage of growth as a listed company. Our ability to attract market leading talent to Argentex is core to our growth strategy, and Lena’s appointment is testament to this approach. We look forward to working with Lena and our highly experienced Board to deliver long-term value to shareholders and clients.
Lena Wilson added:
I am excited to join Argentex’s Board as it sets out on its path as a newly listed company. I was immediately impressed by the management team and its entrepreneurial approach and I look forward to working with the Board to help Argentex build on its excellent track record, successful IPO and exciting growth strategy.
Argentex is a rapidly growing (revenue grew 66% and operating profit by 103% last year) specialist FX provider to SMEs. Argentex’ operating margin was 41.8% last year. Unlike most of the rest of the sector, Argentex has almost no market or macro risk. At IPO Argentex raised £10.5m net of expenses, to drive future growth. The company currently generates c.72% of its revenue from UK clients, with the other 28% coming from the rest of the world.
More recent news from the company can be seen below:
- Argentex reports a compound annual growth rate of 43% in FY19
- Forex sports sponsorship: Argentex teams up with Professional Cricketers’ Association
- Argentex reports another year of record revenue and profit growth
- Argentex signs a FX partnership with International Sports Management
- Founder and CEO of Numis Securities joins Argentex Advisory Board