OFX (company)
 | |
| Company type | Private |
|---|---|
| Industrie | Financial Services Foreign Exchange |
| Gegründet | 1998, Sydney, Australia |
| Hauptsitz | Sydney, Australia; London, UK; Toronto, Canada |
Key people | Neil Helm – OzForex Matt Gilmour – OzForex Gary Lord – OzForex Ryan Sweeney – Accel Partners Tom Wickwire – Carlyle Group Eric Schimpf – Macquarie Group |
Number of employees | 90 |
| Website | www.ozforex.com.au |
OzForex is an online foreign exchange and global payments provider and a strategic investment of Macquarie Bank, Accel Partners and the Carlyle Group. OzForex is part of the OzForex Group which also includes UKForex, CanadianForex, NZForex, ClearFX and Tranzfers.
The company's client base includes small and medium-sized businesses that import and export goods, as well as migrants transferring financial assets, expatriates repatriating funds, and individuals investing overseas.
The OzForex website provides real-time exchange rates for dozens of currencies, as well as historical charts and strategies to manage exchange rate exposure.
The OzForex Board of Directors is made up of executives with credentials and experience in foreign exchange and financial markets generally.
OzForex was started by Matthew Gilmour in 1998 ‘‘as an experiment’’ while working as the head of foreign exchange at Bankers Trust[1].
Company history
1998 – Launch of ozforex.com.au as foreign exchange information site in Sydney, Australia by Matthew Gilmour [2].
2000 – ABN status active, ABN 65 092 375 703[3]
2001 – Launch of online dealing facility[4]
2003 – NZForex and Tranzfers.com launch[5]
2003 – Australian Financial Services Licence, AFSL, issued by the Australian Securities and Investments Commission, license no. 226484 [6]
2005 – Former Bankers Trust Managing Director and Head of Asian Foreign Exchange Gary Lord joins the OzForex Group as Managing Director.[7]
2005 – OzForex expands its operations into the UK and launches UKForex.co.uk with offices in London.[8]
2005 – Global 24-hour trading platform launches, annual turn-over exceeds US$1 billion
2007 – Macquarie purchases 51% of OzForex, new CEO Neil Helm joins from Macquarie[9][10][11]
2007 – CanadianForex launches in Toronto, Canada [12].
2008 – Member of Financial Ombudsman Service, member no. 11340[13]
2008 – International Money Transfers, a service from Macquarie and OzForex, launches[14]
2008 – Turnover exceeds US$4 billion
2009 – ING Direct uses OzForex platform to offer international money transfer service to customers [15]
2010 – ClearFX.com launch [16]
2010 – The group receives minority growth investment from Accel Partners and The Carlyle Group. Representatives from both Accel Partners and Carlyle serve on the OzForex Board of Directors. The company's founders and Macquarie Private Wealth, which is part of Macquarie Group Limited, are together retaining significant ownership of OzForex, Neil Helm continues as CEO.[17]
Awards
2005 – Business Review Weekly, BRW Fast 100 Awards [18]
2005 – Deloitte Technology Fast 50 Awards[19]
2006 - Finalist Invest UK Trade and Investment International Business Awards[20]
2008 - OzForex founder Matt Gilmour wins Ernst & Young Entrepreneur of the Year, in the Technology and Emerging Industries category[21]
2009 – Deloitte Fast 500 Technology Asia Pacific Awards and Deloitte Technology Fast 50 Awards[22]
2010 – Deloitte Fast 500 Deloitte Technology Fast 50 Australia 2010 Awards[23]
References
- ^ Derkley, Karin. “Client trust the key.” The Weekend Australian Financial Review, January 25–28, 2007. View article (subscription only)
- ^ Switzer, Peter. “Innovative firm Ozforex forges forex online”. The Australian, February 27, 2009. View article
- ^ Business.gov.au ABM Lookup View page
- ^ Switzer, Peter. “Innovative firm Ozforex forges forex online”. The Australian, February 27, 2009. View article
- ^ NZForex website Visit website Tranzfers website Visit website
- ^ Australian Securities & Investments Commission Search Visit page
- ^ Switzer, Peter. “Innovative firm Ozforex forges forex online”. The Australian, February 27, 2009. View article
- ^ UKForex website Visit website
- ^ Ooi, Teresa. “Mac Financial grabs control of OzForex”. The Australian, June 19, 2007. View article
- ^ Swift, Brendan. “OzForex takes on world with MacBank”. The Australian Financial Review, June 19, 2007. View article
- ^ Hextall, Bruce. “Australia’s Macquarie Bank unit acquires 51 pct of OzForex”. AFX News Limited on Forbes.com, June 17, 2007. View article
- ^ CanadianForex website Visit website
- ^ Financial Ombudsman Service, List of Members View page
- ^ International Money Transfers website Visit website
- ^ AAP. “ING to offer overseas money transfers”. The Sydney Morning Herald, October 14, 2009. View article
- ^ ClearFX website Visit ClearFX website
- ^ Curran, Enda. “Carlyle, Accel Buy Stakes in OzForex”. The Wallstreet Journal, November 23, 2010 View article
- ^ Roberts, Craig. “Ozforex places 6th in the BRW Fast 100”. BRW, October 13019, 2005. View BRW website View article (pdf)
- ^ Bickerstaff, Julia. “2005 Deloitte Technology Fast 50 – Technology leaders sustaining innovation and growth”. 2005. View article (pdf)
- ^ Liddell, Helen; Cahn, Andrew. “UK Trade & Investment International Business Awards 2006”. 2006. View intro (pdf) View article (pdf)
- ^ Ernst & Young. “2008 National Finalists Eastern Region”. 2008. View article
- ^ Barker, Jolyon; Asaeda, Yoshitaka. “Deloitte Technology Fast 500 Asia Pacific 2009 Ranking and CEO Survey”. 2009. View ranking (pdf)
- ^ "Deloitte Technology Fast 50 Australia 2010”. 2010. View ranking (pdf)