Jan 30: Foreign exchange and currency risk management service, Lumon Corporate, has signalled its determination to differentiate itself in the traditionally transactional FX industry with the appointment of Eliot Bassett, as Managing Director, Corporate Division.

With a strong entrepreneurial background both founding Abacus FX and supporting the growth of Alpha Group, Eliot brings a wealth of experience in risk management and hedging, working with companies of all sizes, from SMEs to the FTSE 100.

His appointment comes at a time when the FX market is becoming increasingly volatile for businesses due to interest rates, inflation and geopolitical tensions. As a result companies are looking for more value added support from their FX providers.

Eliot is focused on Lumon Corporate delivering this through an enhanced suite of products and services, by partnering with clients to become a strategic extension of its finance team. This includes providing in-depth, bespoke, actionable hedging strategies for clients to stabilise FX risk by locking in budget certainty and protecting profit margins against market volatility, as well as carefully curated assistance on market elasticity and ‘what if’ scenarios for companies with significant FX exposure.

Eliot Bassett, new MD of Lumon Corporate, says: “We want to be the most trusted FX services company for the business community. Our focus for clients has always been ‘how do we solve risk for your business’, and we’re taking this to a new level by truly embedding ourselves in these businesses, and tailoring strategies to the degree where we’re supporting them as if they were our own.”

Eliot first joined Lumon Corporate in March 2025 as FX Strategy Director, since then the company has solidified its position, with its internal team doubling in size and has won numerous awards for its outstanding service to clients.