Cambridge Mercantile Group



Cambridge Mercantile Group

August 13, 2013 09:07 ET

Cambridge Mercantile Group Appoints Mark Hill as Vice President, Financial Institutions, North America

TORONTO, CANADA and NEW YORK, NEW YORK--(Marketwired - Aug. 13, 2013) -

Editors Note: There is a photo associated with this press release.

Cambridge Mercantile Group, a leading global foreign exchange and payments company, today announced the appointment of Mark Hill as Vice President, Financial Institutions (FI), North America.

  • Mark Hill brings more than 20 years in foreign exchange and payments to Cambridge

  • Reputation of achieving greater revenue growth for countless financial institutions

  • Brings "above and beyond" customer service approach to Cambridge FI clientele

"Cambridge is focused on growing its services to financial institutions and taking our products to new levels of sophistication," said Jacques Feldman, president of Cambridge Mercantile Group. "Mark has an extensive background in delivering these types of FX and payment solutions to this sector and I'm confident that his addition to the solid team we have built will serve our FI clientele well."

Prior to this position, Mark served as Vice President of Northeast Financial Institutions at Western Union Business Solutions (WUBS), where he led the FI team to achieve the top ranking in North American Sales three years in a row. During his tenure there, Mark worked exclusively with banks and credit unions, offering his expertise through the collaboration of both internal and external technology solutions, and leading sales in the settlement of complex deals with large institutions. At Cambridge, Mark will be based in the Washington office, where he will help drive the business to heightened success by building on the company's already strong relationships with strategic partners and core banking system providers.

"I'm thrilled to work with a company known for the highest-standard of payment processing, customer service, and combined front and backend platform technology in the industry," said Mark, the new vice president of FI's at Cambridge Mercantile Group. "Having worked with FI's for many years, I know that such proven technologies are key in supporting their processes and systems. Compliancy is another vital component, and Cambridge is ahead of the game with their best-in-class online payments platform that is fully compliant with pending Dodd Frank Regulation E standards."

About Cambridge Mercantile Group

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. Cambridge delivers a superior level of service to clients through extensive knowledge of foreign exchange and award-winning operational capabilities, supported by an experienced trading, account management and consultative sales team. With offices strategically located across the globe, including North America, Europe and Australia, Cambridge facilitates the secure movement of over $20 billion dollars annually. For more information, visit www.cambridgefx.com.

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