Montreux Capital Acquires Foreign Exchange Firm GC Partners

Coin World reported:
Montreux Capital Management Zug AG has acquired GC Partners Group Limited, a provider of foreign exchange and payment services, to take advantage of the $5 trillion daily trading volume in the forex market. According to the official statement, Montreux mentioned that acquiring this company with 20 years of service experience is a valuable opportunity.
Montreux focuses on expanding in the forex market.
GC Partners is a financial service provider that facilitates global fund transfers. It reportedly traded over $12.5 billion in forex in just the past year. It has a global presence in major markets such as the UK, Hong Kong, and Dubai. This is a key driving factor behind the acquisition.
Acquisition
Acquisition
Acquisition refers to the act of obtaining, possessing, or protecting property, services, or abilities. Simply put, it is the act or process of acquiring or gaining. You can acquire a piece of artwork, you can acquire the ability to speak another language, you can acquire shares of a company through acquisition, and you can also acquire the services of an accountant. For example, you can buy a new car. Broadly speaking, acquisition can refer to the act of owning or possessing something. There
Acquisition refers to the act of obtaining, possessing, or protecting property, services, or abilities. Simply put, it is the act or process of acquiring or gaining. You can acquire a piece of artwork, you can acquire the ability to speak another language, you can acquire shares of a company through acquisition, and you can also acquire the services of an accountant. For example, you can buy a new car. Broadly speaking, acquisition can refer to the act of owning or possessing something. There
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is GC Partners’ platform, catering to private, corporate, and investment clients. These portals allow customers to engage in cross-border transactions.
Commenting on the deal, Andrew Fundell
GC Partners
stated, “Through this acquisition, GC Partners will be able to accelerate its growth strategy, expand its business scale, and strengthen its global operations.
Payment
Payment
As one of the foundations of the modern world’s medium of exchange, payment refers to the transfer of legal currency or its equivalent from one party to another in exchange for goods or services. The payment industry has become a part of modern commerce, although the participants and methods of exchange involved have changed dramatically over time. Specifically, the payer is referred to as the payor, and the payee reflects the individual or entity receiving the payment. The most common
As one of the foundations of the modern world’s medium of exchange, payment refers to the transfer of legal currency or its equivalent from one party to another in exchange for goods or services. The payment industry has become a part of modern commerce, although the participants and methods of exchange involved have changed dramatically over time. Specifically, the payer is referred to as the payor, and the payee reflects the individual or entity receiving the payment. The most common
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infrastructure to complement their expertise in providing efficient and reliable solutions for over 150,000 clients to move funds across more than 125 markets globally.”
Montreux reportedly intends to leverage this technology to enhance its service levels by streamlining operations. The technology relied upon by GC Partners is expected to enable Montreux to excel in the FX market.
Oliver Harris, CEO of Montreux, stated, “This strategic move aligns with our vision to expand our presence in the financial services industry and enables us to tap into this growing market. Leveraging the expertise of GC Partners, we anticipate rapid global growth as we plan to double our business in the coming years.”
GC Partners
Earlier this year, GC Partners
appointed Nicholas Iggulden,
former CFO of ETX Capital, as their CFO. ETX is a forex and contract for difference broker that rebranded from OvalX before closing last year.
It is worth noting that Iggulden initially joined GC Partners as a financial advisor and later rose to the position of CFO. Prior to the promotion, he held multiple positions at ETX, including Chartered Accountant and Finance Director, ultimately serving as CFO.