Investec is expanding the services it provides to companies with FX turnover of more than £2 million a year. An expanded team of 12 traders, headed by James Arnold who joined from Travelex a few months ago, will offer clients what Investec says is a diverse range of tailored hedging solutions that leverage various products (including forwards and options) to companies that have previously only been offered the most basic FX products and services.
“Our new corporate foreign exchange team adds an important new element to our client offering,” says David van der Walt, global head of Investec Capital Markets. “The appointment of James and his team continues our strategy of targeting small and mid-cap clients in niche areas, and we are confident that it will quickly establish an important presence in the growing market for UK importers and exporters.”