Global fintech Ebury targets Queensland SMEs with key hire and Brisbane office opening

Global fintech Ebury targets Queensland SMEs with key hire and Brisbane office opening

The Australian arm of global foreign exchange (FX) and trade finance fintech Ebury has appointed experienced financial markets operative Toby Farrow (pictured) as Queensland State Sales Manager and opened an office in Brisbane as part of its northern expansion.

Ebury Asia Pacific Managing Director Rick Roache said the development was part of the company’s plans to step up the level of FX and trade finance support it provided to Queensland companies after building out its physical presence in New South Wales and Victoria.

“Ebury has built a reputation as a market leader with our core products of spot FX, hedging, cash management and trade finance for importing and exporting SMEs. Through the addition of Toby and increased investment we will be significantly boosting our compelling offering to the Queensland market,” Roache said.

Toby Farrow has more than 20 years of financial services experience in the United Kingdom, Ireland and Australia. Prior to joining Ebury he spent 12 years at Westpac in Sydney dealing and selling FX, interest rate and commodity risk management solutions to commercial and corporate clients.

In 2018 Toby relocated to Brisbane and joined the Markets and Trade Finance team at Bank of Queensland, spending the last few months as Acting General Manager of the department.

Farrow said he was excited to be joining Ebury for the next stage of its Australian growth trajectory. “There is a strong need for Ebury products and capabilities right across the state and I look forward to using Ebury’s powerful global platform to assist Queensland exporters and importers as they look to keep up with the opportunities presented by the rapidly expanding local and recovering global economy,” he said.

UK-headquartered Ebury, which established its Australian operation in 2018, is one of the largest non-bank’s in the world that focuses on SME and funds trading internationally. It has FX and trade finance capabilities in more than 130 currencies and offices in 20 countries linked by a single best-in-class platform. It has grown rapidly in Australia competing head-on with large banks, growing it’s revenues by more than 100% last year.