Global Reach Group Partners with EncoreFX to Expand into Canadian Market

Global Reach Group, a UK based multinational leading forex specialist revealed its expansion of business activities into Canadian market in its latest update. The firm which is renowned for its international payments, risk management and strategic hedging solutions for corporate and institutional clients has constantly strived to steadily increase its global market base. As part of this initiative, in its bid to expand its services and client base in the Canadian market the group has entered into strategic deal with EncoreFX acquiring some of its key elements to boost its operations and services. This move comes following the group’s entry into Spain and the Netherlands market in 2019 as part of its global expansion plan. Aside from acquisition of some of EncoreFX’s key elements, the group has also roped in several talented individuals to become its staff across its Canadian offices.

The Group has opened 8 offices in various Canadian cities in order to ensure that its clients from the market region gain seamless access to its high-quality FX services and hedging solutions. Global Reach was originally launched in 2001 and was an FCA regulated firm and it grew to its current status as global giant with base of operations across six countries including South Africa and Cyprus following investment from Inflexion Private Equity to support its ambitious global growth strategy. When Inflexion acquired FC Exchange and merged it with Global Reach becoming the majority share holder of Global Reach Partners the firm was relabelled to include all its subsidiaries and formed Global Reach Group.

Commenting on its move to expand into Canada, Nicholas Fullerton – CEO of Global Reach Group said “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”.

Speaking on same topic, Paul Lennox – President of Global Reach Canada added “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”.