London-based moneycorp buys Australia’s Rochford Group

moneycorpLondon-headquartered moneycorp has acquired Australian independent treasury advisor Rochford Group to expand its presence and add new products to its portfolio.

Sydney-based Rochford has a representative office in Hong Kong, which will extend moneycorp’s presence.

“We have worked with the team at Rochford Capital for several years and saw a very strong fit in our own client-led approach to providing effective risk management solutions. We are delighted to have the Rochford team joining us and believe we can help accelerate Rochford’s growth by deploying their operating model through the moneycorp group,” moneycorp CFOO Nick Haslehurst said.

The deal is moneycorp’s second international acquisition this year. Earlier this year, it acquired Brazil’s Novo Mundo to tap into South American foreign exchange market.

In 2019, moneycorp aims to expand its regional presence in Coventry, and will open new offices in Leeds and Edinburgh.

moneycorp has its offices in the UK, USA, Brazil, Hong Kong, Spain, France, Gibraltar, Romania, Australia, UAE and Ireland.

Rochford Group, established in 2010, holds a comprehensive Australian Financial Services Licence, providing solutions to clients across numerous industry sectors.

Rochford’s specialist treasury services offer bespoke solutions to clients, allowing them to manage the impact of treasury risks on cash, profitability and their balance sheets. Rochford’s cloud-based treasury risk management platform offers proprietary global cash flow forecasting models and workflow procedures to boost productivity.

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