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Cambridge Mercantile Group expands global footprint into Asia region via Sydney
CAMBRIDGE Mercantile Group, a specialist in corporate foreign exchange and global payments, has expanded operations into the Asia-Pacific (APAC) territory through new regional headquarters in Sydney. It is a natural shift, according to Cambridge Mercantile, as the Australian currency develops into one of the most traded in the world.
A catalyst for the move is that the Australian dollar (AUD) has in recent years become one of the world's top five traded currencies, a reflection of the country's strong economy.
Establishing headquarters in Sydney affords Cambridge access to a new demographic and better services Australian domestic clients.
Timothy Connors is the new managing director of the Asia-Pacific region, having joined Cambridge from Western Union Business Solutions (WUBS), where he served as director of sales for corporate and enterprise accounts. In his new role at Cambridge, Mr Connors oversees all aspects of operations, critical customer relationships and sales functions.
"I'm excited to lead the team and be at the forefront in developing trusted and lasting relationships with customers in the APAC region," said Mr Connors. "The remarkable growth experienced in APAC financial markets is certain to continue and we expect these markets to play an important role in the world economy.
"I'm keen to work with our existing clients and build new relationships to offer our complete range of global payments and FX solutions to meet the growing demands of this region."
Cambridge Mercantile Group CEO Bernard Heitner said, "The launch of our APAC headquarters marks another significant milestone for Cambridge this year. As we celebrate our 20th anniversary at Cambridge, we continue to forge ahead with delivering the best-in-class FX and global payment solutions to our clients.
Since its inception in 1992, Cambridge Mercantile Group has grown to become a leading provider of global payments and currency risk management solutions. With more than 14,000 clients worldwide, Cambridge is among the largest bank-independent providers of hedging and risk management products, powered by technologies widely regarded as industry leading.
With offices strategically located across the globe, including North America, Europe and Australia, Cambridge facilitates the secure movement of more than $20 billion dollars annually.
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