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AFEX Offshore

“I wanted to wait a year to see how we felt about the place...but after just three months my wife decided she loved it so much we should move early! It’s particularly special seeing our children grow up to enjoy the ocean as much as I did in Australia...I enjoy being outdoors and having that work-life balance.”

AFEX Offshore

Director

Profile

Industry:
Fintech

Jersey provides an environment perfectly suited to a worldwide operation.

For a global business, it can be a challenge to find the right place to base a headquarters. Jersey, however, provides an environment perfectly suited to a worldwide operation and offers a lifestyle certainly not found in busy cities.

"Operating from Jersey is very straightforward..."

AFEX’s Jersey-based director found the move to the Island beneficial not only for the business, but also for his family, he told us;

"Being born in Sydney, I grew up with a deep appreciation for the ocean and the great outdoors. However, I didn’t realise quite how much until I moved to Jersey after a decade of working in London."

AFEX Offshore specialises in foreign currency (FX) payments and risk management solutions to businesses and individuals who are looking for an alternative to the banks.

"After working in AFEX’s London office for ten years, we realised we wanted to reach out to the Crown Dependencies more effectively and saw a gap in the market within Jersey for this kind of business."

"...the Island's financial services infrastructure and regulatory environment are well suited to our business."

The Jersey office perfectly complements AFEX’s global network, with offices now in twenty-two locations around the world.

The company say that operating from Jersey is very straightforward; the Island’s financial services infrastructure and regulatory environment are well-suited to the business. They operate under a money service business licence and are also the first non-bank foreign exchange business to operate under an investment business licence regulated by the JFSC, which has given them opportunities to work with a broad range of businesses.

"Jersey has given AFEX Offshore a platform to thrive in an ever-changing foreign exchange market, and we’ll continue to strengthen our relationships with trust and corporate service providers, asset managers and wealth advisers. We see good opportunities to grow as a business from Jersey, and benefit other local businesses by helping them to be competitive in the global FX space.

"We've made friends here so quickly..."

Moving the business was very smooth thanks to Locate Jersey. Initially I wanted to wait a year to see how we felt about the place before I moved over full-time, but after just three months my wife decided she loved it so much we should move early! We’ve made friends here so quickly through both Locate Jersey introductions and our children’s school, so we feel right at home.

It’s particularly special seeing our children grow up to enjoy the ocean as much as I did in Australia. Moving to Jersey has definitely reminded me how much I enjoy being outdoors and having that work-life balance.”

 

Want to know more about the benefit and process of relocating your Fintech business to Jersey? Discover more on our Why Jersey for Digital and Creative Industries and Why Jersey for Financial Services pages...

... Alternatively get in touch today on +44(0)1534 440604 or email locatejersey@gov.je

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