TORONTO, ONTARIO and SYDNEY, AUSTRALIA--(Marketwired - Aug. 20, 2013) - Cambridge Mercantile Group, a leader in corporate foreign exchange and global payments, is pleased to announce the expansion of their operations into the Asia-Pacific (APAC) territory, with regional headquarters located in Sydney, Australia.
Timothy Connors, a seasoned industry executive, has been appointed to the role of managing director of the Asia-Pacific region. Timothy joins 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, Tim will oversee all aspects of operations, critical customer relationships and sales functions.
In recent years, the AUD has risen through the ranks to become one of the world's top five traded currencies, a reflection of the country's strong economy. Establishing headquarters in Sydney has been a critical step for Cambridge in broadening its global footprint. Ultimately, this move affords Cambridge access to a new demographic, while providing Australian domestic clients with the convenience of a local office that offers the expertise and resources of an internationally renowned payments provider.
"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 Timothy Connors, managing director, Asia-Pacific, Cambridge Mercantile Group. "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."
"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. I'm proud to extend our products and services to this fast growing market," said Bernard Heitner, chief executive officer, Cambridge Mercantile Group.
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.