Member Article

Manchester ‘a natural choice’ as Afex launches first North West office

AFEX, one of the world’s largest non-bank providers of global payment and risk management solutions, is expanding to the North West with the opening of a new office in Manchester.

The new Deansgate office opens with four permanent employees, following a reported high level of demand from companies in the North West interested in Afex’s range of international payments and FX services.

The firm says the demand surge is driven by an increase in the number of businesses looking to trade overseas and a growing recognition of the need to mitigate currency risks in the face of increasing market volatility and uncertainty.

Stuart Holmes, General Manager EMEA for AFEX said: “The North West, with its strong business community and highly developed and growing import and export market, is a key market for us.

“We’ve seen an increasing amount of interest and activity from businesses across the region as they look to maximise their international growth potential and we are excited to be extending our UK operation.

“Manchester was a natural choice of location for us and we look forward to providing local firms with an even better and more tailored service to address their global payment, treasury and risk management needs.”