AFEX, one of the world’s largest non-bank providers of global payment and risk management solutions, has promoted Aaron Bird to director of AFEX Offshore.
The new role sees Aaron Bird lead the firm’s sales activity across the Channel Islands and Isle of Man from its Jersey office. Aaron has over 15 years of experience in the financial services sector specialising in treasury and risk management solutions and has been with AFEX since 2006. Before moving to Jersey in January 2016 Aaron worked in AFEX’s London office managing the firm’s blue chip client base and had previously helped develop its private client offering.
AFEX Offshore was launched in October 2015 to provide comprehensive overseas payments and risk management solutions to businesses in Jersey, Guernsey and Isle of Man. Since then it has transacted over £500mn in foreign exchange on behalf of over 50 clients. It has had particular success with fund, trust and e-commerce businesses across the region. The office has also increased its permanent staff to six.
“Since being granted our Investment Business Services license by the Jersey Financial Services Commission little over a year ago, we’ve experienced strong demand for our high-touch service and expertise,” said Stuart Holmes, General Manager for EMEA at AFEX. “In particular, since the Brexit vote in June we’ve seen more and more firms looking to hedge their FX exposure using our collateral free forward facilities. We are delighted at the growth Aaron and his team have achieved and are excited for the future of AFEX Offshore.”
About AFEX Established in 1979, AFEX is a leading global payment and risk management solutions provider that specialises in cross-border transactions and provides market expertise and unrivalled customer service for businesses and private clients. With a client base of over 35,000 active commercial customers worldwide, AFEX prides itself on tailoring its payment and foreign exchange services to meet its clients’ needs. AFEX’s online payment platform – AFEXDirect provides clients with one consolidated overview of their currency exposure and makes it easy for companies to manage international invoices. AFEX maintains offices across the Americas, EMEA and Asia Pacific.
To find out more, please visit www.afex.com.