Global fintech Ebury has opened a Perth office to better meet the finance needs of West Australia exporters and importers.
The Australian arm of global foreign exchange (FX) and trade company Ebury has recruited a team in Perth to offer its services to Western Australian SMEs. This follows Ebury opening an office in Brisbane earlier this year, to step-up the level of FX and trade finance support it provides to Queensland companies.
Ebury established its Australian operation in 2018 and is one of the largest non-banks in the world focusing on SMEs and funds trading internationally. The fintech 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 recently launched FX options to broaden its Australian product suite and meet the needs of its corporate client base.
Read more: Ebury branches into foreign exchange options
Ebury Asia-Pacific managing director Rick Roache (pictured) said the expansion into Western 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,” Roache said.
“Having our experts on the ground will significantly boost our compelling offering to the West Australia market.”
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 Western 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 years’ industry experience, rounds out the team as FX dealer.
Ebury has grown rapidly in Australia by competing head-on with large banks and grew it’s revenues by more than 100% in 2021.
“Our offering is very compelling for the Western Australia market due to the heavy concentration of mining or mining-related businesses,” Roache said. “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.”
