Holding Monex
| Private company | |
| Traded as | : MONEXB |
| Industry | Financial Services |
| Founded | 1985 |
| Headquarters | Mexico |
|
Key people
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Héctor Lagos Dondé (President and CEO) Héctor Lagos Cué (Founder and Honorary Chairman), Mauricio Naranjo (Assistant Managing Director of Monex Internacional), Moisés Tiktin Nickin (Executive Managing Director of Business), Javier Cayón de la Vega (Executive Managing Director of Operations and Finance) |
| Products | Foreign exchange, international transactions, payment services, deposits, trade finance, loans, prepaid cards, remittances |
| Revenue | 4.47bn Mxn (2012) |
| 1.03bn Mxn (2012) | |
| Website | Company website |
Héctor Lagos Dondé (President and CEO)
Héctor Lagos Cué (Founder and Honorary Chairman),
Mauricio Naranjo (Assistant Managing Director of Monex Internacional),
Moisés Tiktin Nickin (Executive Managing Director of Business),
Holding Monex is a Mexican foreign exchange company that specializes in international transactions and payment services for commercial clients. It is one of the largest dedicated foreign exchange companies providing a number of payment and forex related financial services to both companies and individuals.
Holding Monex was founded in 1985 by Hector Lagos Donde, who still serves as company president. Holding Monex (also known as ) was founded as a conglomerate, which now includes Grupo Financiero Monex, Intermex, Sí Vale and recently acquired Tempus Consulting and Monex Europe.
The group is one of the world's largest providers of commercial foreign exchange, delivering 850,000 annual transactions including international payments and foreign exchange, representing an annual volume of USD 109bn. By 2010 the company had 43 offices, including one in Houston, Texas, and served more than 40,000 clients. It also provides banking services to foreigners visiting or doing business in Mexico.
In 2010 Holding Monex became listed on the with an initial public offering of 391.11 million shares worth a total of 2.198 million pesos, with 50,000 Series A shares representing the capital fixed minimum and 399 million retired 950,000 shares of Series B corresponding to the variable. It entered the market with four direct subsidiaries: Monex Grupo Financiero, Pagos Intermex, Prestaciones Universales, and AdmiMonex. That year Holding Monex also acquired the firm Tempus Consulting, Inc. Monex joined the exchange as a part of the Sociedad Anónima Promotora de Inversión Bursátil program as the second company to do so in the history of the program.
In 2011 the company participated in a program to guarantee homes to 20,000 untaxed or informal workers in Mexico, an initiative launched by Mexican President Felipe Calderon. By 2013 Holding Monex was operating in forty cities, operating in the US, Europe, and Mexico. In July 2012 it acquired UK based retail foreign exchange provider Schneider Foreign Exchange, this became its European subsidiary when it was renamed Monex Europe.
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Wikipedia