Cambridge Global Payments Announces Expansion with Specialized FX Emerging Markets Team

TORONTO, ONTARIO--(Marketwired - May 12, 2015) -

• The new Emerging Markets team provides international payment services such as currency liquidity, in-country delivery and knowledge of local regulatory requirements for making payments
• Team has over 25 years as emerging market specialists, transacting in over 130 emerging and frontier currencies
• This further expands the company's position as a global payments leader and strengthens relations with banks and institutions

Cambridge Global Payments, ("Cambridge"), a world leader in global payments and risk management solutions, is pleased to announce the addition of the new Emerging Markets team for foreign exchange.

"Emerging Markets have become some of the most dynamic and fast-growing economies in the world, yet these markets present enormous challenges when making in-country payments," said Co-CEO Jacques Feldman. Organizations that need to exchange money into exotic currencies often discover their money arrives at its destination later than planned and they may have limited knowledge of exchange rates, beneficiary deductions and importantly, regulatory requirements. Through the addition of this specialized team, Cambridge is able to provide organizations with a much sought after solution to reach these growing markets.

"Emerging markets are at the fore of real economic growth today. The expansion will allow Cambridge to reach new markets faster with more comprehensive and complete solutions," Cambridge Co-CEO Bernard Heitner stated. "We are excited to bring a new level of sophistication to our team in the face of continued commoditization of currencies."

Members of the new team have over 25 years of top-tier commercial bank experience. Under the leadership of Managing Director Ricardo Faillace, the team has developed an extensive client and banking network, and grown into a market maker and liquidity provider for many leading banks.

"Joining with Cambridge represents an outstanding opportunity for our team to grow to another level, and scale our model with Cambridge's international footprint," said Mr. Faillace. "As a team that has been together for three decades, we have sought an opportunity to find a partner that can provide solutions to reach these markets that are growing in importance. Cambridge's established presence in the industry will give us the networking and resources we need to get that competitive advantage."

About Cambridge Global Payments

Since its inception in 1992, Cambridge Global Payments has grown to become a leading provider of global payments and currency risk management solutions. With more than 14,000 clients worldwide, Cambridge is among the largest bank-independent providers of hedging and risk management products, powered by technologies widely regarded as industry leading. Cambridge delivers a superior level of service to clients through extensive knowledge of foreign exchange and award-winning operational capabilities, supported by an experienced trading, account management and consultative sales team. With offices strategically located across the globe, including North America, Europe and Australia, Cambridge facilitates the secure movement of over USD$25 billion annually. For more information, visit www.cambridgefx.com.