January 31, 2015 6:04 PM ET

Consumer Finance

Company Overview of Associated Foreign Exchange, Inc.

Company Overview

Associated Foreign Exchange, Inc. provides international payment and foreign exchange services for importers and exporters, educational and financial institutions, small businesses, and multinational corporations. It offers foreign currency drafts, wire transfers, risk management tools, and designated corporate account managers; and payment services and personal service solutions, including market watch, standing orders, and funding balances. The company also provides AFEXDirect, an online payment system that enables users to execute currency purchases and international payments using an automated process on a single platform. It offers its services in North America, the United Kingdom, Swed...

21045 Califa Street

Woodland Hills, CA 91367

United States

Founded in 1979

Phone:

818-386-2702

Fax:

818 728 3281

Key Executives for Associated Foreign Exchange, Inc.

Chief Executive Officer
Chief Financial Officer
Head of Dealing for Australia
Compensation as of Fiscal Year 2014.

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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