• Fri. Mar 29th, 2024

North East Connected

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Foreign Exchange Business Sets Up in North East and Winning Contracts

A Cumbrian based  foreign exchange specialist company has set up business in the North East  and already won several contracts, thanks to the North East England Chamber of Commerce.

Crossbarfx appointed Graham Nicholson to launch the new office and within his first two months he has been appointed by LTC International Logistics and Business & Export Credit Solutions, with more Chamber members’ contracts in the pipeline including a regional University.

An experienced financial specialist with over 20 years’ experience with the Bank of America and Lloyds Treasury, Graham saw a gap in the market for a specialist foreign exchange provider.

He said: “We have 4,500 exporters in the North East and Cumbria to my knowledge no-one was providing a personal banking service to them with regard to exchange rates and international payments .  I have been able to give guidance to businesses on what they need to do to get the best rates for their products and services.  With Brexit, it is more important than ever regional companies plan their foreign exchange so our positive balance of trade is supported and continues.”

Julie Underwood, international trade director, North East England Chamber of Commerce said: “Crossbarfx is providing a unique service and companies are finding it really helpful to have someone with Graham Nicholson’s experience there to give them one to one guidance. Foreign exchange rates can make a substantial difference to the profitability of contracts so getting expert help can make a real difference to the bottom line.  We are also delighted that in such a relatively short space of time he has found great business leads through our events.”

As well as his new clients Graham is also providing support for Steve Cram’s charity COCO.

He said: “I am working with the Department of International Trade on a joint initiative to complement their work on exporting and as well as  Arthur J Gallagher, offering my services to individuals and companies alike . As well as the Chamber support I have been really helped by fellow Chamber member Advanced Funding Solutions.”

By admin