11th October 2018 (Barcelona, Spain)--

MultiBank Group is pleased to announce that it has opened a new branch office in Barcelona, Spain, under the company name MEX Spain. The branch will initially tailor to investors in Spain and will look to further expand into the Latin America market in the upcoming year.

MEX Spain has obtained approval to operate from the National Securities Market Commission (CNMV), Spain’s main financial regulator.

The team at MEX Spain is being led by CEO Ivan Gonzalez, who joined MultiBank in September 2017, and possess over 10 years of experience in the forex and financial services industry. Previously he had held positions such as Fund Manager and Asset Manager in an array of Funds and Forex Brokerages around the world, including in the US, New Zealand and now Spain.

“My vision is to create sustainable and regulated growth in the strategic financial sectors,” says Mr. Gonzalez. “In Spain we will have a securities agency license (broker dealer) and a remittance license, through which we will be able to grow in the European market, and also in the LATAM market in an aggressive but controlled way.”

The objective of MEX Spain in the first year is to create the base to become one of the top brokers in Europe and Latin America. To achieve this goal, MEX Spain will employ directors with over 15 years of experience in the financial sector along with highly qualified executives to work in an effort to make MultiBank Group even bigger in the European market.

Mr. Gonzalez continues, “MEX Spain will have very important competitive advantages. The experience of its directors and executives will make a difference, and the regulation as a securities and remittance agency in Spain will also make a very big difference as currently 95% of the financial brokers in Spain are not regulated as a securities agency. I expect MEX Spain to become the most important FX and CFDs broker in Spain.”

MEX Spain Part of MultiBank Group