Paul Argyrou came to Hermex following many years experience of trading foreign currency in the financial markets. He has diversified in areas such as Proprietary Trading, and has a strong understanding of Treasury products. A graduate; Paul gained hands on experience of the FX markets working within leading financial institutions. Within Treasury, Paul specialises particularly in foreign exchange. During the course of Paul’s career he has been responsible for billions of pounds worth of FX trades.
What made you join Hermex?
The opportunity arose to work for a highly motivated and ambitious team, and this is something that had always appealed to me. I was also very impressed with the location of the company. We’re based within the City of London; at the heart of one of the largest financial districts in the world.
What benefits can companies expect when using Hermex instead of their current provider?
Firstly, and importantly, improved rates – we deal directly with the inter-bank market, so our customers can benefit from receiving very competitive rates. Our objective is to be the most competitive foreign exchange broker in the industry, and we aim to achieve this by offering the best rates in the industry.
A Personalised service – all our clients benefit from having a dedicated Account Executive who will assist throughout any foreign exchange transaction. We invest a good deal of time in training our staff to assist with market and industry knowledge, as well as providing the best possible service to our clients.
Same Day Payments – as well as competitive rates, we understand wholly that making swift payments to our client’s beneficiaries is very important. At Hermex, we ensure that all payments to client’s beneficiaries are sent immediately after we receive remittance from our clients.
No Fees – we do not add on any fees, commissions, or charges; the rate quoted is exactly what our clients’ pay, and any money Hermex make is included in the rate quoted. We keep our rates as close to the market as possible at all times, and never charge additional fees under any circumstances.
How safe are clients’ funds when using Hermex for foreign exchange transactions?
We operate with segregated client accounts. What this means is the accounts our clients pay into are completely separate from Hermex’s own, so there is a clear distinction at all times. We can provide confirmation of segregated client accounts on request for extra peace of mind and security.
What kind of businesses are using Hermex and the currency services on offer?
All businesses or individuals with an exposure to foreign exchange can benefit from using our services. Corporations of all sizes have benefited from our competitive rates as opposed to their current providers. Our clients come from all different sectors of industry. We also cater for private clients who wish to save money on buying or selling an overseas property or property portfolio.
What are your thoughts on the future of the Foreign Exchange Market?
Due to my experience and background, I am often asked this question. As many know the Foreign Exchange Market is often volatile, and the current uncertain economic climate is seemingly an ongoing issue. My opinion at present is that if you need to pay a supplier the best option is to purchase your currency either on Spot, or at a Forward Rate. In this way you can secure a favorable rate today for a future date when rates may have deteriorated.
Please call us today on +44 (0) 207 856 2490 to discuss your requirements with our dedicated Account Executives.
