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October 06, 2015 5:25 PM ET

Diversified Financial Services

Company Overview of OzForex Group Limited

Company Overview

OzForex Group Limited provides international payments and foreign exchange services to business and individual customers in Australia, New Zealand, Europe, North America, and Asia. The company offers international money transfer services; FX products, including spot deals, forward contracts, limit orders, and FX options; and travel cards to individual customers. It also provides services to business clients for paying overseas vendors and suppliers, receiving funds from overseas, and managing their foreign exchange risk; and corporate customers with a dealing platform. In addition, the company offers international payment solutions, such as IT platform, customer service, compliance sophistic...

10 Bridge Street

Level 9

Sydney, NSW 2000


Founded in 1998

246 Employees


61 2 8667 8000


61 2 8667 8080

Key Executives for OzForex Group Limited

Chief Financial Officer
Total Annual Compensation: $378.5K
Chief Operating Officer
Total Annual Compensation: $394.5K
Chief Commercial Officer
Total Annual Compensation: $433.9K
Chief Technology Officer
Total Annual Compensation: $336.5K
Head of Investor Relations and Company Secretary
Total Annual Compensation: $139.4K
Compensation as of Fiscal Year 2015.

OzForex Group Limited Key Developments

OzForex Group Limited Announces Executive Changes; Plans to Relocate its Sydney Head Office

OzForex Group Limited announced changes to the executive team. The appointments are: Mr. Adam Smith, Chief Operating Officer, who commences on 6 October 2015 (who takes over the role previously held by Mr. Jeff Parker, who has moved to the role of Chief Wholesale Officer); Mr. Craige Pendleton-Browne, Chief Technology Officer, who commences on 16 November 2015; Ms Kirsten Pollard, Head of People and Culture, who commences her role immediately. Mr. David Higgins, Chief Technology Officer and Ms Jacqueie Davidson, Head of Human Resources have decided to pursue other opportunities outside of the business. Adam has more than 20 years of experience in top tier financial institutions, most recently as Co- Head of ANZ ETFS. Craige has more than 20 years experience in technology roles with over 15 years of those working in digital. He has worked as CTO in both the UK and Australia. His most recent roles includes CTO for News Digital Media, Head of Content and Digital for News Corp. Australia and CTO of iCareHealth. Kirsten has been working at OzForex for the past few months assisting in the strategy, operation and marketing areas. Prior to joining OzForex, Kirsten had a 10 year career in global equities and 4 years in a profitable start-up business. The company also announced that the Sydney Head Office will be relocating to new offices at 60 Margaret Street in early December.

OzForex Group Ltd Forms Partnership with Xero

OzForex Group Ltd. has formed a strategic platform partnership with Xero, to make international payments easier for Xero customers. The platform, which has gone live, will enable Xero's Australian customers, who have also registered with OzForex, to automatically make international payments against Xero invoices directly from the OzForex platform.

OzForex Group Limited Reports Earnings Results for the First Quarter of Fiscal 2016; Reports Revenue Results for the Month of July 2015; Provides Earnings Guidance for the Second Half and Full Year of Fiscal 2016

OzForex Group Limited reported earnings results for the first quarter of fiscal 2016. For the first quarter, net operating income was up 31.9% to $25.5 million. The company reported revenue results for the month of July 2015. For the July month, gross revenues exceeded $10 million. For fiscal 2016, the company expects EBTDA in the range of $38.5 million - $40.5 million, with approximately 57% of that attributable to the second half of the year.

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