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Monex Client Story. Corporate Banking at Barclays

Monex

The client

Founded in 2006, Monex Europe is a leading global provider of deliverable foreign exchange. In July 2012, the Monex Group, one of the world’s largest deliverable currency providers, acquired Schneider Foreign Exchange to strengthen the company’s offering in the European market. Shortly after, Schneider Foreign Exchange was rebranded as Monex Europe Ltd.

The challenge

Monex understands the skill and expertise military personnel can bring to an array of businesses. As a former Royal Marine, Nick Edgeley, CEO of Monex Europe, looks for leadership, resilience, resourcefulness and resolve in his team – skills which are in plentiful supply amongst the cohort of 20,000 service people leaving the forces each year.

Unfortunately, this fact is often overlooked by hiring organisations, who view a lack of commercial experience as the biggest barrier to hiring ex-military.

The solution

Recognising the value of ex-military (from the Army, Royal Navy or Royal Air Force) in the workplace, Monex – alongside 105 other corporates – chose to join the VETS programme, a scheme run and coordinated by Barclays to mentor, coach and place ex-military into the correct business roles, with no recruitment fees.

To date, VETS has helped place over 1,464 veterans into 106 corporates, saving in excess of £14.6m. Barclays shared the lessons and best practices of supporting military employment developed over the years so that Monex could replicate a similar support scheme in their own organisation.

The future

Given this worthwhile partnership, Monex is looking forward to further expanding their already developing ex-military presence in the business.

“In the city, there's often a way of doing things which – right or wrong – is hard to escape. That normally means: go to a ‘good’ university, graduate with a ‘good’ degree, get a ‘good’ job. But Monex doesn't subscribe so narrowly to that way of thinking. We like to see people develop and we work hard to make sure that everyone is given a chance.

It should go without saying that the wide range of talents that veterans leave the armed forces with are incredibly valuable – not just as skills, but as life experience, in other words talents developed through practice, rather than theory. We want to support candidates from all kinds of different educational backgrounds or walks of life. We have employees that started as interns, showed promise, and are now leaders. It's about giving people the space to show what they're made of.”

Nick Edgeley, CEO, Monex Europe

Key stats

  • 20,000 – people who leave the armed forces each year
  • 1,464 – veterans hired through the VETS programme
  • 106 – companies supporting the VETS scheme
  • £14.6m – savings earned through the VETS programme

Contact Us

New to Barclays? Our experienced UK-based team can listen to your business need, offer assistance on-the-spot or put you in touch with the right specialist at Barclays. Call us on

0800 015 4242*

Alternatively we can call you back or you can email us with your query.

Existing client?

How can we help?

To discuss switching to Corporate Banking at Barclays, call us on: 0800 015 4242 *