Chatham Financial launches new FX and international payments services

Chatham Financial, a global provider of debt and derivatives solutions, has today unveiled a new suite of FX and International Payments (FXIP) services within its Financial Institutions practice.

Designed to assist community and regional financial institutions (FIs) in assessing needs, minimizing costs, and optimizing processes, the new FXIP services are the latest offering in Chatham Financial’s toolkit of advisory and technology solutions for financial institutions.

As many community and regional financial institutions are challenged to effectively serve the FX and International Payments requirements of their borrowers, Chatham Financial has designed its FXIP solutions to help FIs determine what third party correspondents are charging, how to best negotiate the right pricing, how to determine FX penetration rates, and how to maximize revenue.

Building from the proven platform for interest rates that Chatham Financial has used to serve its clients for more than 25 years, Chatham’s FXIP practice will also leverage the firm’s extensive experience in FX and regulatory compliance into its services, which include:

As part of this new practice expansion, Chatham has recently hired Alan DePonceau, a veteran in the FX industry, to serve as a senior advisor. Mr. DePonceau brings nearly 35 years of experience in the FXIP market helping clients effectively manage FX risk and maximize profit. Prior to joining Chatham, Mr. DePonceau worked in a variety of roles in operations, FX sales, FX trading and FXIP product management. Most recently, he served as Founder & Principal at AMD Consulting, following roles at Susquehanna Bank, Commerce Bank, Travelex, and Citibank. Additionally, Mr. DePonceau co-founded the Regional Bank FX Forum.

Regan Campbell, head of Chatham’s FXIP practice stated:

As a long-time partner to financial institutions managing interest rate risk, Chatham understands how banks operate. Combining Alan’s extensive experience in FXIP with our deep FX expertise and regulatory compliance infrastructure will enable us to provide timely and innovative solutions to financial institutions in managing FX risk and maximizing profit.

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