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Currency Exchange Business Veteran Joins International Payments Provider in North America

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Currency Exchange Business Veteran Joins International Payments Provider in North America Currency Exchange Business Veteran Joins International Payments Provider in North America SYDNEY & SAN FRANCISCO--(BUSINESS WIRE)-- OFX Group Limited (ASX: OFX), one of the world's leading international payments providers, announces the hire of Alfred Nader as President, North America. Mr. Nader, formerly of Western Union Business Solutions, joins OFX’s Global Executive Team to continue to build and grow OFX in the North American region. Mr. Nader is responsible for OFX’s entire North American operations and the successful delivery of OFX’s growth in this region. As a publicly-traded Australian firm, OFX has grown steadily over 20 years to become a global leader in the international money transfer market. With the increase in globalization and the impact of geo-political events rippling across the globe, international money transfer services are becoming an essential part of modern life. In addition to the US, Canada and Australia, OFX serves consumer and corporate customers in the United Kingdom, Europe, New Zealand, Singapore and Hong Kong. In its last fiscal year, OFX delivered global money transfers valued at $17B USD. “As our President, North America, Alfred will play a critical role in driving our business forward and continuing to execute our growth across the region,” OFX Chief Executive Officer and Managing Director, Skander Malcolm said. “Alfred’s formidable business experience in the Americas will be an enabler for our continued success,” he concluded. Mr. Nader brings nearly 20 years of experience in the payments industry in both established and emerging markets. “OFX has created its global niche in the world of payments by investing in cutting edge payment solutions and never forgetting the importance of maintaining the human element of its service. We are the only payments provider to be able to say that anyone can call 24 hours a day to make a transaction or inquire about a payment. If your supplier in Germany calls you at 3 a.m. asking about his payment, you are able to call OFX. Of course, OFX has continually invested in technology to let users transfer online or through an app whenever they want, but the human aspect of payments is still very important. Everyone claims to offer the best service, but we offer the best service 24 hours a day. You don’t need it until you need it and we’ll be there when you do,” said Mr. Nader. “I’m personally thrilled to join a company so dedicated to not only being an industry leader, but also dedicated to the well-being of their staff. The OFX culture continues to amaze me.” During his tenure at Western Union Business Solutions, Mr. Nader led the Latin America and Carribean Region and previously was the Vice President for Corporate Strategy and Development. He came to Western Union through the acquisition of Travelex where he was Vice President and Head of Vertical Markets. Prior experience includes various management positions at Ruesch International (acquired by Travelex). He has an MBA from MIT’s Sloan School of Management and a BBA from The George Washington University. Mr. Nader resides in the San Francisco Bay area with his wife and three daughters. About OFX OFX is a global money transfer company that helps people and businesses thrive in our evolving and fast-moving world. We are on a mission to lead the age of borderless money by combining a streamlined digital experience, expert personal service and great rates so our customers can transact business across borders when, where and how they want. We empower our customers to live and work globally with confidence, 24/7. Since inception in 1998, OFX has transferred more than $100B USD in 55 currencies across the globe. OFX is a leading global money transfer business, with over 340 employees and offices in San Francisco, Sydney, Toronto, London, Hong Kong and Singapore. The OFX Group Limited is a publicly listed entity on the Australian Securities Exchange ("ASX") under the code "OFX." USForex Inc. dba OFX. CanadianForex Limited Trading as OFX. OFX is the registered trade name for USForex Inc. a licensed money transmitter. NMLS #1021624. For more information, visit OFX.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20191211005010/en/ For more information, please contact: Melita DeHazes, OFX (415) 364-6614 [email protected] Source: OFX Group Limited .
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