Merchantville, NJ (PRWEB) April 07, 2014
Global Exchange Group, a division of Cambridge Mercantile Group and leading provider of international payment and automated payables solutions, is pleased to announce its expansion into the Asia-Pacific legal market; with regional headquarters in Sydney, Australia.
In 2013, Cambridge Mercantile Group established regional corporate headquarters in Sydney, Australia. This strategic move not only grants Global Exchange access to a new demographic, it also affords Australian domestic clients more accessible service.
With an increasing number of large global law firm mergers, geographic proximity to Asia, and light government involvement, the Asia-Pacific region’s economic and business growth is expected to continue to be dominant in the coming year. In addition, the newly strengthened Australian dollar (AUD), which has risen 12 percent over the American Dollar this year, is the sixth most traded currency in the foreign exchange market, accounting for approximately 5 percent of worldwide foreign exchange transactions.
Celebrating its 20th year in business, Global Exchange made a successful move into the United Kingdom last year, and continues the momentum in its banner year. “The recent broadening of our global footprint into the United Kingdom has proven very successful,” stated Global Exchange President, Anthony F. Loiacono. “Australia continues to lead in the global market through its vast production of resources and open access to Asian markets. We are eager to utilize our expertise in this burgeoning region, while providing the same level of quality and customer service that we have brought into other countries.”
As a well-established business with a large global footprint, Cambridge Mercantile provides a stable backbone for Global Exchange to enter these growth markets. “With our expansion into Australia and the opening of offices in Sydney and Melbourne, we are starting to make a name for ourselves in this market,” says Gary McDonald, Managing Director, Cambridge Mercantile. “Ultimately, this move will provide a fast start opportunity for Global Exchange to enter the market and to provide its world class solutions to the legal vertical.”