WOODLAND HILLS, Calif.--(BUSINESS WIRE)--AFEX, one of the world’s largest non-bank providers of global payment and risk management solutions announced today the appointment of Richard Verasamy as Chief Financial Officer.

“We have recently launched operations in Italy and Israel and look forward to Richard’s support in both of these regions as well as with other upcoming global business opportunities.”

Richard has spent the last 20 years in various senior finance positions within the financial services industry. Before joining AFEX, Richard was the Chief Financial Officer and Chief Risk Officer for Jameson Bank, a Canadian owned Schedule 1 Bank that specializes in commercial foreign exchange services. Prior to this, Richard held various roles with Travelex including CFO of the Americas and subsequently the Global Finance Director for Travelex’s Commercial FX Division.

“We’re delighted with Richard’s appointment and his understanding of the FOREX industry will be a great asset to AFEX, especially at such an exciting time,” said AFEX Chief Executive Officer, Jan Vlietstra. “We have recently launched operations in Italy and Israel and look forward to Richard’s support in both of these regions as well as with other upcoming global business opportunities."

About AFEX

Established in 1979, AFEX is a leading global payment and risk management 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 17,000 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 provides clients with one consolidated overview of their currency exposure and makes it easy for companies to manage international invoices. AFEX maintains offices throughout America, Australia, Asia and Europe. To find out more, please visit www.afex.com.