AFEX OPENS OFFICE IN MILAN, ITALY
Leading global payment solution provider brings high-touch service model to Italy's main industrial, commercial and financial center
AFEX, one of the world's largest non-bank providers of global payment and risk management solutions, with international presence and expertise, today announced the opening of an office in Milan, Italy. Milan is considered the industrial and commercial hub of Italy, and is home to many industries that AFEX has considerable expertise serving, including the fashion/retail, automotive, aviation and chemical industries.
Boasting Europe's fourth largest economy, Italy has grown to become a global trading and production center for neighboring European countries, and is home to the Italian Stock Exchange. Despite having one of the world's oldest banking systems, AFEX saw an opportunity to provide businesses with competitive pricing and unprecedented execution speeds via the SWIFT network. AFEX's unrivaled suite of tailored payment, treasury management solutions and risk-management consultation will prove to be attractive global payment solutions to businesses in this strategic office location.
"AFEX is eager to announce the opening of our first office in Italy," said AFEX CEO Jan Vlietstra. "As a well-known hub of commerce, Milan is home to the fashion, retail and automotive industries, and we're looking forward to providing local businesses with our tailored, high-touch solutions and competitive, on-demand pricing."
The office opened today, with Donato Colangelo, Head of Italy Desk for AFEX, overseeing a team of five employees, comprised of a mix of business development and relationship managers. Colangelo will draw upon his experience in foreign exchange and global banking, having worked at AFEX as a Corporate Account Manager in Switzerland for the three years prior to assuming his new role, and having also worked for Credit Suisse Private Banking.
"We're confident that SMEs will find our customizable global payment, treasury management and foreign exchange solutions to be unmatched when compared with competing interests in the region," said Colangelo. "We're well-positioned to utilize our expertise and high-touch service to assist clients in and around Italy."
About AFEX
Established in 1979, AFEX is a leading global payment solutions provider that specializes in cross-border transactions and provides market expertise and unrivalled customer service for businesses and private clients. With a client base of over 15,000 active commercial customers worldwide, AFEX prides itself on tailoring its payment and foreign exchange services to meet its clients' needs. AFEX's online payment platform, AFEXDirect, makes it easy for companies to manage international invoices. AFEX maintains offices throughout North America, the United Kingdom, Australia, New Zealand, Switzerland, Sweden, Italy, Malta, Ireland and Israel. To find out more, please visit www.afex.com.
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