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August 02, 2015 12:42 PM ET

Consumer Finance

Company Overview of Associated Foreign Exchange, Inc.

Company Overview

Associated Foreign Exchange, Inc. provides global payment, foreign currency, and risk management services. It offers risk management solutions related to forward contracts and rate orders. The company’s foreign exchange payments solutions include spot transactions; and AFEXDirect, an online payment platform that provides clients with consolidated overview of their currency exposure and manages international invoices. In addition, it offers services, such as currency drafts, electronic fund transfers, risk management tools, and more. Further, the company provides corporate and treasury solutions; risk management solutions and foreign exchange payments for micro, small, and medium-sized enterp...

21045 Califa Street

Woodland Hills, CA 91367

United States

Founded in 1979




818 728 3281

Key Executives for Associated Foreign Exchange, Inc.

Chief Executive Officer and Member of Executive Board
Chief Financial Officer and Member of Executive Board
Member of Executive Board and Chief Strategy Officer
Member of Executive Board and Chief Information Officer
Member of Executive Board and Emea General Manager
Compensation as of Fiscal Year 2015.

Associated Foreign Exchange, Inc. Key Developments

AFEX Announces the Opening of a New Office in Miami, Florida

AFEX announced the opening of a new office in Miami, Florida. Including Miami, AFEX now operates four offices in the U.S., in addition to those in Europe, Asia and Australasia. As well as being the gateway to the Americas, Miami is one of the fastest growing hubs in the U.S. for European and Asian companies who are seeking to gain a foothold in the Americas. AFEX, with existing US offices in New York City, Chicago and Woodland Hills, California, will initially employ six staff in Miami, headed up by Susan Walker. Walker brings over 12 years of experience in foreign exchange to the role. The office opening coincides with the start of BritWeek, the annual week-long celebration of British culture and industry excellence in South Florida, of which AFEX is a primary sponsor. AFEX's new office is set to provide the setting for a lunch for leading Floridian and British business, political and civic leaders before they move on to The Viceroy Hotel in downtown Miami for the signature BritWeek kick-off event, the GREAT Business Innovation Awards Gala.

AFEX Appoints David Greene as Head of Dealing, Australia

AFEX announced the appointment of David Greene as Head of Dealing, Australia. Based in AFEX's Sydney office, David will oversee the company's foreign exchange dealing on behalf of its SME, corporate and institutional client base across Australia and Asia-Pacific. David joins AFEX from Western Union where he worked as Senior Corporate Foreign Exchange Dealer from 2010. He has also held previous roles at Custom House and National Australia Bank.

AFEX Appoints Richard Verasamy as CFO

AFEX announced the appointment of Richard Verasamy as the new CFO. Richard has spent the last 20 years in various senior finance positions within the financial services industry. Before joining AFEX, Richard was the CFO and Chief Risk Officer for Jameson Bank. Prior to this, Richard held various roles with Travelex including CFO of the Americas and subsequently the Global Finance Director for Travelex's Commercial FX Division.

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