Argentex Group PLC (LON:AGFX) told investors that trading has continued to improve, since its last update in November.

The company, which provides bespoke foreign exchange services, noted that the full effect of the latest lockdown has yet to be felt but suggested a more positive outlook for the coming months.

It highlighted: “the recent Brexit trade agreement and the successful implementation of the vaccine programme for Covid-19 provides the board of Argentex with confidence that this encouraging trend, driven by a return to historic client trading behaviour, will continue for the remainder of the financial year to 31 March 2021.”

The company also announced the appointment of Jo Stent as chief financial officer with effect from February 1, replacing Sam Williams, who is leaving Argentex to pursue other opportunities.

Stent has been a senior finance professional for 25 years and was most recently chief financial officer of golf’s European Tour and Ryder Cup Europe.

At the same time, joint chief executive Carl Jani is taking a leave of absence for health reasons with immediate effect, and, fellow joint chief executive Harry Adams will be sole chief executive.

“We are delighted to have attracted someone of Jo’s calibre to Argentex,” Adams said.

“Her financial expertise and experience in global businesses will be a huge benefit to us as we continue to realise our growth ambitions. 

“This is an exciting time for us as trading volumes return to pre-pandemic levels.”

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