Treasury Management Internation Logo

AFEX Opens Office In Madrid

  • Global payments firm brings tailored payment & FX solutions and superior service to Spanish businesses

MADRID — AFEX, one of the world’s largest non-bank providers of global payment and risk management solutions, has announced the opening of a new office in Madrid. Strategically located in Spain’s financial centre and growing commercial hub, the office will serve Spanish businesses that have exposure to the international markets.

Spain has a thriving and growing export market with the value of exports increasing by 4.7% in 2015 to reach an all time high of €250.2 billion [1] but is underserved when it comes to foreign exchange and international payments services. AFEX has identified an opportunity to extend its expertise and high-touch service to help businesses in Spain optimize their international transactions and manage their FX risk.

“Spain is a particularly attractive market for us and we are excited to announce the opening of our office in Madrid,” said Anthony Rea, EMEA Sales Director at AFEX. “The city is a major economic hub in Europe and home to a diverse range of businesses that we are certain will benefit from our tailored payment and treasury management solutions.”

The office, which is located on Paseo de la Castellana, is headed up by Fernando Cid Cardenas, Director for Spain, and opens with seven permanent employees. It is AFEX’s first office in Spain and joins its existing network of offices across Europe, the US, Canada, Australia and Asia.

Cardenas said: “AFEX’s goal is to provide flexible and comprehensive global payment, treasury management and foreign exchange solutions that are unmatched in the industry. We look forward to utilising our expertise, experience and high-touch service to assist clients across Spain with their international payments.”

Most recent episodes

HSBC’s Sibos Spotlight: Investing in the Future – from Diversity to Green Deposits

In the final instalment of HSBC’s Sibos Spotlight, Eleanor Hill (TMI) invites Nadine Lagarmitte and Suraj Kalati (HSBC) to consider how corporates’ attitudes to...


HSBC’s Sibos Spotlight: The ESG Landscape – what every treasurer needs to know

In the third edition of HSBC’s Sibos Spotlight Podcast series, TMI’s Eleanor Hill invites Farnam Bidgoli (HSBC) to provide an in-depth overview of the current ESG...


The Path to Transformational Global Cash Visibility

Davina Bradley (CEVA Logistics) and Conor Deegan (CashAnalytics) join TMI’s Eleanor Hill to explore how treasurers can transform their cash visibility and forecasting within their business in a matter of weeks using a...


HSBC’s Sibos Spotlight: Embedding ESG in Trade and Supply Chains

In the second podcast from HSBC’s Sibos Spotlight series, TMI’s Eleanor Hill speaks to Surath Sengupta (HSBC) about embedding ESG into trade and supply chains....


Lost in Transaction: Overcoming Payments Pitfalls

From simple errors to duplicates, fraud and sanctions violations, there are a number of areas where payments can go wrong – especially in the real-time environment. In this podcast, TMI speaks to Andrew Ferrao...


HSBC's Sibos Spotlight: Central Bank Digital Currencies

The first edition of HSBC’s Sibos Spotlight series sees TMI’s Eleanor Hill joined by Mark Williamson and James Pomeroy (HSBC) to discuss the hot topic of Central Bank Digital Currencies (CBDCs). Our guests discuss...


Payments Vision 2025: The Inside Track

Wim Grosemans, Steven Lenaerts (BNP Paribas) and Wim Raymaekers (SWIFT) join TMI’s Eleanor Hill to outline their vision for the payments landscape in 2025. Our guests consider how recent developments such as instant...


Stepping Out from the Shadows

“Treasurers needs to step out of the shadows and into the sunshine in terms of their strategic contribution.” claims Zitah McMillan, Co-Founder and CEO, Predictive Black. In this podcast, hosted by TMI’s Eleanor Hill, our guest declares that the...


Why the ‘One Size Fits All’ Approach is Outdated - A Cash Segmentation Treasury Masterclass

With the ongoing low interest-rate environment and increasing regulatory change, it’s more important than ever for treasurers...


Instant Payments: Instant Rewards

TMI’s Eleanor Hill sits down in the virtual TreasuryCast studio with J.P. Morgan’s Global Head of Real-Time Payments, Cyrus Bhathawalla, to discuss how treasurers can capitalise on the evolving nature of real-time payments. Our guest contemplates the elements...