Global Reach Group, a London-based provider of foreign Exchange Risk Management and payment services, has further enhanced its global footprint after acquiring key elements of EncoreFX’s Canadian operation, the firm announced today.

Victoria-based EncoreFX was founded in 2014 and provides FX products and hedging solutions to customers in Canada.

The acquisition is the latest step in Global Reach Group’s international expansion plan, following its entry into Spain and the Netherlands in 2019.

Global Reach has now established a presence across Canada, with branches in 8 locations, and added staff from EncoreFX Canada to the Group. The acquisition ensures that Canadian customers looking for high quality FX services and hedging solutions will continue to have a wide choice of providers.

Ambitious growth strategy

Founded in 2001 and headquartered in the UK, Global Reach now has operations in six countries, including offices in South Africa and Cyprus. In 2016, Inflexion Private Equity invested in Global Reach, to support the Group’s ambitious growth strategy.

“This is another important milestone in the growth of Global Reach Group, as we continue to strengthen our business and expand into new geographies. We are pleased to welcome our new colleagues in Canada to the Group and look forward to collaborating with their talented and well-established team. This is a challenging time for everyone, and the health and wellbeing of our people everywhere remains our top priority,” Nicholas Fullerton, CEO at Global Reach Group, said in a statement.

“It is a pleasure to be joining Global Reach Group and I look forward to working closely with Nicholas and the wider team. We are excited to begin building upon our shared strengths to maintain excellent service for our clients, while taking advantage of the Group’s innovative technology offering to enhance our customer experience. Our team shares many similarities with Global Reach, and we look forward to contributing to the continued success of the Group,” Paul Lennox, president of Global Reach Canada, stated.

Global Reach Group, a London-based provider of foreign Exchange Risk Management and payment services, has further enhanced its global footprint after acquiring key elements of EncoreFX’s Canadian operation, the firm announced today.

Victoria-based EncoreFX was founded in 2014 and provides FX products and hedging solutions to customers in Canada.

The acquisition is the latest step in Global Reach Group’s international expansion plan, following its entry into Spain and the Netherlands in 2019.

Global Reach has now established a presence across Canada, with branches in 8 locations, and added staff from EncoreFX Canada to the Group. The acquisition ensures that Canadian customers looking for high quality FX services and hedging solutions will continue to have a wide choice of providers.

Ambitious growth strategy

Founded in 2001 and headquartered in the UK, Global Reach now has operations in six countries, including offices in South Africa and Cyprus. In 2016, Inflexion Private Equity invested in Global Reach, to support the Group’s ambitious growth strategy.

“This is another important milestone in the growth of Global Reach Group, as we continue to strengthen our business and expand into new geographies. We are pleased to welcome our new colleagues in Canada to the Group and look forward to collaborating with their talented and well-established team. This is a challenging time for everyone, and the health and wellbeing of our people everywhere remains our top priority,” Nicholas Fullerton, CEO at Global Reach Group, said in a statement.

“It is a pleasure to be joining Global Reach Group and I look forward to working closely with Nicholas and the wider team. We are excited to begin building upon our shared strengths to maintain excellent service for our clients, while taking advantage of the Group’s innovative technology offering to enhance our customer experience. Our team shares many similarities with Global Reach, and we look forward to contributing to the continued success of the Group,” Paul Lennox, president of Global Reach Canada, stated.