Partnership will expand AFEX’s reach, accessing energy, mining and other key industries in Western Canada
Woodland Hills, Calif. AFEX, one of the world’s largest non-bank providers of global payment, foreign currency and risk management solutions, today announced its expansion to Vancouver via a strategic partnership with the Surrey Board of Trade. The new AFEX Vancouver office will be headquartered within the Surrey Board of Trade.
The partnership will take advantage of synergies between AFEX and the Surrey Board of Trade, a Vancouver-based non-profit that advocates for local businesses at all levels of government, facilitates networking opportunities, and provides cost-saving benefits and marketing opportunities.
Western Canada is a key strategic market for AFEX with an internationally engaged economy in diverse sectors such as energy, mining, finance, insurance, real estate and corporate management, and AFEX will seek to assist clients with a customized strategy to manage foreign currency exposure and mitigate risk.
“With our joint expertise, AFEX and the Surrey Board of Trade can help elevate local industries in western Canada in the competitive global landscape,” said Jay Fischbach, AFEX’s Canada Country Manager. “We look forward to assisting clients with their global payment risk management needs in such a dynamic region that has immense potential for growth.”
Established in 1979, AFEX is a leading global payment and risk management solutions provider that specializes in cross-border transactions and provides market expertise and unrivalled customer service for businesses and private clients. With a client base of over 24,000 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.
The Surrey Board of Trade represents 6,000 local business member contacts, and over 60,000 employees, representing 2,100 businesses.
“We’re excited about partnering with AFEX in their latest expansion in Canada, as it serves to enhance the Surrey Board of Trade’s international trade goals,” said Anita Patil Huberman, CEO of the Surrey Board of Trade. “We have a shared mission to enhance the local community and further the interests of businesses in the region, both locally and globally.”