Argentex Replaces CEO as Forex Firm Clinches Rescue Deal

Argentex Group Plc’s chief government officer resigned simply hours earlier than the troubled forex administration agency clinched a deal that it hopes will enable it to get better from a sudden money squeeze triggered by the tariff-driven hunch within the greenback.

Jim Ormonde, who has run the London-listed agency since October 2023, might be changed by Chief Working Officer Tim Rudman, in accordance with a press release Friday. The corporate was hit laborious by its positions within the greenback, which has declined about 3.5% in opposition to main currencies since US President Donald Trump’s tariff bulletins on April 2.