07 November 2017
Reporter: Theo Andrew

Ebury exports transaction services offering to Canada

Ebury, a financial technology firm focused on global transaction services, is opening an office in Toronto, taking its services outside of Europe for the first time.

The new office is intended to support rising demand for international currency payments and collections, foreign exchange risk management and import finance solutions from Canadian businesses. It will be led by Matthew Acton-Davis, who has been named country manager.

According to Ebury, the firm is now planning to scale its business globally, through a rapid expansion across the US and Canada in 2018.

The London-based company currently employs 600 staff in 10 countries in Europe, and has plans to make this 1000, globally, before the end of May 2018.

Acton-Davis said: “Ebury's value proposition of providing service levels that are normally reserved for only the largest corporates, has shown huge value thus far and I believe that we can help a vast number of companies in Canada to grow internationally, with a suitable product suite coupled with an appetite to give businesses terms that suit their needs.”

Juan Lobato, CEO and co-founder of Ebury, commented: “Having Matthew Acton-Davis with his experience at Ebury to assist our clients and grow the team is fundamental to the success of Ebury in helping companies achieve or exceed their international trading goals.”

He added: “This is all part of the continued successful expansion at Ebury, where we already have offices in London, Madrid, Malaga, Amsterdam, Warsaw, Paris and Zurich. These offices have been boosted by key hires from the banking and payments industry as Ebury continue to source the best talent in the space and develop internally.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Societe Generale boosts ESG reporting
22 November 2017 | Paris | Reporter: Jenna Lomax
The new solution allows institutional investors and asset managers to rate their investments against ESG indicators
Tobam launches bitcoin mutual fund
22 November 2017 | Paris | Reporter: Jenna Lomax
The fund will allow investors access to cryptocurrency to benefit from Tobam’s research and IT systems to track the value of investing in bitcoin
Strate adopts Nasdaq blockchain solution for voting
22 November 2017 | Stockholm | Reporter: Becky Butcher
Nasdaq is set to provide its blockchain electronic voting solution to South African Central Securities Depository (CSD) Strate
UniCredit launches instant payment solution
22 November 2017 | Milan | Reporter: Becky Butcher
UniCredit has launched its cross-border instant payments solution in Italy and Germany
Hedge fund industry reaches new highs in Q3
22 November 2017 | London | Reporter: Zsuzsa Szabo
The hedge fund industry has recorded strong performance in Q3 2017, after stumbling in 2016, according to Preqin
SSGA hires Nordic head of SPDR ETFs
21 November 2017 | London | Reporter: Theo Andrew
Based in London, Marcus Miholich will be responsible for evaluating the investment objectives of SSGA’s Nordic client base. He will report to Rory Tobin, global co-head of SPDR ETFs at SSGA
EU Commission opens consultation of SFTR TR fees
21 November 2017 | Paris | Reporter: Drew Nicol
UK-based trade repositories may be forced to shoulder additional third-party recognition fees to operate under EU regulatory frameworks post-Brexit, according to proposed EU Commission rules
More news