Online Forex Firm Gets Set For Growth

Monday, 01 August 2005


Tim Finlay - Australian Financial Review


OzForex, the online foreign exchange operator, yesterday signalled its ambition to take on the big Australian banks with the appointment of a former Bankers Trust high-flyer as a managing director.

Gary Lord, a former BT managing director and head of Asian foreign exchange, will oversee an expansion into offshore markets and the development of OzForex's domestic product range. OzForex founder Matthew Gilmour, another former BT executive, said he was "delighted" to attract such "an experienced and high calibre executive who will play a crucial role in guiding the firm through its next growth phase".

OzForex was launched in April 1998 to provide smaller customers with better and cheaper foreign exchange services than the big banks.

The Sydney-based company now operates in the Australian, UK and New Zealand markets and has become one of the world's leading online foreign exchange services, with more than 300,000 visitors a month and more than 11,000 customers globally.

The firm is to open an office in London, home to 60,000 import and export businesses, to be headed by Andrew Porter, who is now manager of corporate business. Mr Lord left BT in July 1999.

Back to media centre

Currency Converter

Rate: 0.7655
=
Rate: 1.3063
=
Go
See My FX Dashboard for more info

Register Free

Registration is quick and easy. Access live customer rates, free tools and make international payments.

Register today
Already registered? Login
Get our free commentary
Stay on top of the news with updates from our expert dealers on the latest currency movements. You can unsubscribe any time and your email address is safe – see our >Privacy Policy.


Keep me up to date:
Get free rate alerts
Choose ccy pair and enter the exchange rate. An alert will be triggered when the exchange rate is reached and an email will be sent to you. You can unsubscribe any time and your email address is safe – see our Privacy Policy.
select
/
 


Mobile Forex trading tools

Make money transfers or currency conversions on the go via our mobile site, iPhone or Android apps. Learn more here

Banners

Sitemap

You're in good hands:

 

IMPORTANT: This service is provided by NZForex Limited (CN: 2514293). NZForex is registered as a financial service provider under the Financial Service Providers (Registration and Dispute Resolution) Act 2008.

The information on this website does not take into account the investment objectives, financial situation or needs of any particular person. NZForex makes no recommendations as to the merits of any financial product referred to in this website.

Please read our Product Information document for a detailed explanation of the services we provide.