FinTech company NEX Group is planning to relocate its New York and London offices at a time of significant change for the business.
From the end of April, the NEX Group businesses in New York will relocate to new offices at 4 Times Square. Formerly known as the Condé Nast Building, NEX will occupy 82,400 square feet in the building.
In newly designed offices which have been developed with the NEX brand in mind, the new office will bring all of NEX's New York businesses under one roof for the first time and will allow the company to be located closer to its clients.
In addition to the New York office, NEX is in advanced negotiations with Ashurst regarding leasing 115,000 square feet of office space in the London Fruit and Wool Exchange for its new London headquarters.
The newly redeveloped London Fruit and Wool Exchange is situated in the historic Spitalfields Market between the technology hub of Shoreditch and the City of London. The London Fruit and Wool Exchange building provides Grade A office space, behind the façade of the original building. Relocating from its Broadgate office where it has been based for more than 13 years, NEX’s move to the London Fruit and Wool Exchange is expected to take place in early 2019.
Jenny Knott (pictured), chief executive officer of NEX Optimisation, says: “Like NEX, the London Fruit and Wool Exchange has undergone a transformation since its origins as London’s pre-eminent goods market. NEX is a financial technology business so we are really excited to be moving closer to a technology and commercial hub which aligns more closely with the NEX brand, and which provides the highest quality space for our employees.”
Seth Johnson, chief executive officer of EBS BrokerTec, says: “The birth of NEX signals the start of a new brand, a new beginning and a wealth of new opportunities. I am really looking forward to working in our new offices which perfectly capture our new direction. A pure technology solutions based company who stay close to their clients.”
