The Australian arm of global foreign exchange (FX) and trade finance fintech Ebury has recruited a team to provide greater service to West Australia SMEs and opened an office in Perth as part of its continuing national expansion strategy.
This follows Ebury opening an office in Brisbane earlier this year to step-up the level of FX and trade finance support it provided to Queensland companies after building out its physical presence in New South Wales and Victoria.
Ebury established its Australian operation in 2018 and is one of the largest non-banks in the world that focuses on SME and funds trading internationally. It has FX and trade finance capabilities in more than 130 currencies and offices in 20 countries linked by a single best-in-class platform.
Ebury Asia Pacific Managing Director Rick Roache said the expansion into West Australia meant Ebury now had teams operating in all time zones across the country.
“Ebury has built a reputation as a market leader with our core products of spot FX, hedging, cash management and trade finance for importing and exporting SMEs. Having our experts on the ground will significantly boost our compelling offering to the West Australia market,” Roache added.
Ebury has appointed FX hedging solution and risk management expert Chris Daw as State Sales Manager. Daw has 10 years’ experience in the industry in West Australia in senior business consultant and business development roles. He will lead the office, working closely with Head of Desk Ben Needham who has eight years of industry experience in Perth. Jordan Hughes, who has six and half year’s industry experience, rounds out the team as FX dealer.
Ebury has grown rapidly in Australia competing head-on with large banks and grew it’s revenues by more than 100% last year.
“Our offering is very compelling for the Western Australia market due to the heavy concentration of mining or mining-related businesses. We have found that outside our strong core FX hedging and payments solutions, these clients often regard our exotic FX and trade finance capabilities as totally unique, adding a genuine layer of value enhancement.”
Ebury recently launched FX options to broaden its market-leading Australian product suite and meet the needs of its increasingly sophisticated corporate client base.
Ebury is also the major partner for the Melbourne Rebels rugby union team in the first ever Super Rugby Pacific competition.
Image and article originally from australianfintech.com.au. Read the original article here.