Monex Grupo Financiero
Our main subsidiary, Monex Grupo Financiero, is composed of three financial institutions: Banco Monex (Bank), Monex Casa de Bolsa (Brokerage House), and Monex Operadora de Fondos (Fund Company). Our focus is to be the main provider of diverse financial products and services for companies and individuals, with the purpose of building lasting relationships with our clients.
The customized attention that we offer, and the broad experience of our sales force allow our clients to access multiple specialized products and services which fulfill their need for financial services.
International Segment: Monex Securities, Monex USA, and Monex Europe
In 2001, we acquired CBI Casa de Bolsa and its subsidiary CBI International Securities, Inc. (currently Monex Casa de Bolsa and Monex Securities, respectively), which is a broker dealer registered in the United States.
In April 2010, we started the international expansion of our foreign exchange and international payments business upon the acquisition of Tempus, leading provider of foreign exchange and international payments for companies in the United States. As of January 2022, Tempus took on the name "Monex USA". Monex USA has three offices in the United States: Washington, D.C. (headquarters), New York, and Los Angeles.
With the purpose of becoming one of the largest specialists in foreign exchange and international payments of the world, in 2012, we acquired Schneider Foreign Exchange Limited, provider of foreign exchange and international payments for large, medium-sized, and small companies and financial institutions in the United Kingdom, based in London. This entity changed its name to "Monex Europe Limited" and currently it is an indirect subsidiary of Monex, S.A.P.I de C.V., which has the capacity to offer its services throughout the European Union.
Monex Europe Limited has offices in London, United Kingdom; Madrid, Spain; and Amsterdam, Netherlands.
Monex Europe Holdings Limited manages three companies engaged in foreign exchange transactions and international payments services:
» Monex Canada, Inc., for which the CNBV granted its authorization, is headquartered and domiciled in Toronto, province of Ontario in Canada. This entity is authorized by the Office of the Superintendent of Financial Institutions (OSFI) under the Ministry of Finance of that country with the registration number A04272. It is also registered in the Financial Transactions and Reports Analysis Center of Canada (FinTrac), a Canadian government agency that supervises the compliance with Anti-Money Laundering regulations.
» MonFX PTE, Ltd. is a company established in 2016 in the Republic of Singapore, for which the CNBV also granted its authorization. It is authorized to operate by the Monetary Authority of Singapore (MAS) under the registration number R.A. No. 01534.
» Monex Europe, S.A., is incorporated in the Grand Duchy of Luxembourg under the registration number B230160. At the end of 2020, it received the approval of the Commission de Surveillance du Secteur Financier of Luxembourg to obtain the respective licenses and authorizations, having obtained the license to operate as an authorized payment institution.
The acquisitions of Monex USA and Monex Europe give us a firm entry to the foreign exchange markets of USA, Canada, Europe, and Asia. Moreover, both companies have a market view providing a particular analysis that helps to understand the dynamics of the foreign exchange markets. Following these acquisitions, Monex has become a relevant player worldwide as a specialist in the foreign exchange and payments market.
Arrendadora Monex
In June 2018, we acquired Arrendadora Avance, S.A. de C.V., a leasing company specialized in SMEs with a need for leasing. Upon the acquisition, we consolidated the products we offer to our clients in terms of financing options. Arrendadora Monex offers the leasing service of all kinds of personal property, equipment, motor vehicles, machinery, specialized equipment, accessories, and other goods.
