Affinity Exchange Opens Glasgow Office

Affinity Exchange, a London-based foreign exchange (FX) company, has opened a new office in Glasgow. This significant move underlines its commitment to serving the Scottish business community.

This move underlines the growing importance of the Scottish financial services sector and Glasgow’s key role in supporting it.

Glasgow’s financial landscape features organisations like Barclays, Morgan Stanley, Coutts, and JP Morgan, and now Affinity Exchange has added its services to a thriving business sector.

Financial and related professional services contribute about 10% to the Scottish economy, with a gross value added (GVA) of approximately £14.8 billion. They are also estimated to employ around 150,000 people, with major hubs in Glasgow and Edinburgh.

Affinity Exchange is a welcome addition to this sector as it specialises in bespoke FX solutions for businesses and individuals.

With a turnover of £167m after just three years since incorporation, it has earned a reputation for personalised services and competitive pricing, establishing itself as a trusted partner in the financial services industry.

Increased demand from Scottish businesses has driven Affinity Exchange’s decision to expand into Glasgow. Affinity Exchange has chosen to improve its service to existing relationships while expanding its coverage.

Jordan Stubbs, EMEA’s Head of Partnerships, will lead the Glasgow office. With over a decade of experience in financial markets, particularly in FX, he has helped clients decrease the risk and volatility of currency exposure.

The team will initially consist of four members, with ambitions to expand by leveraging local talent as the company grows its presence in Scotland.

The company sees significant opportunities in Scotland’s FX market, particularly with businesses operating in international markets, such as those in oil and gas and consumer goods such as whisky.

Affinity Exchange is committed to utilising technology to enhance its services, such as its currency card programme for employee expense management.

As this new and exciting chapter begins for Affinity Exchange in Glasgow's IFSD, it remains dedicated to providing exceptional customer service, competitive pricing and customised FX solutions for the Scottish business community.

Source: Scottish Business News