We are looking to be the destination of choice when it comes to
foreign exchange services in the country."
In addition to the new routes to its expanding network, Air Arabia has signed a strategic partnership agreement with Al Ansari Exchange, the UAE's largest network exchange house which provides worldwide remittance and
foreign exchange services.
Ms Grace, who previously held the position of General Manager for EMEA within the Global
Foreign Exchange Services business, will now focus exclusively on building American Express' global airport presence.
BMO Capital Markets currently provides
foreign exchange services in China through its office in Guangzhou, Shanghai and Beijing.
Terry Perrin, trading and business development director at American Express global
foreign exchange services, says: "For the second quarter in a row, the euro has steadily increased in terms of volume, and if sterling continues to appreciate against the euro, we could see the love affair with Europe blossom - perhaps back to the pre-recession levels."
Terry Perrin, trading and business development director at American Express global
foreign exchange services, said that until recently cash-strapped Britons had been staying away from the minibreak destinations.
Terry Perrin of American Express global
foreign exchange services, said that, until recently, Britons had been staying away from mini-break destinations.
"Britons seem to be opting for more premium holiday destinations and are reining in their overall annual spend and forgoing mini-breaks in order to push the boat out for their main annual holiday," said Terry Perrin, business and development trader at American Express's global
foreign exchange services.
Mizuho Bank will provide
foreign exchange services to All Nippon Airways Co.
MyTravel chief executive Peter McHugh said: 'The transaction enables the group to realise its investment in a non-core business at an attractive value, while also continuing to generate revenue from the provision of retail
foreign exchange services by means of the FX foreign exchange business arrangement.'
The Moscow unit of Michinoku Bank, a regional bank, based in Aomori, northern Japan, provides deposits, lending and
foreign exchange services. The Japanese Embassy in Moscow became the subsidiary's first customer, opening an account there.
We have found that bank relationships with hedge funds are concentrated in traditional bank products, especially
foreign exchange services. One of the major developments in markets in the past few years has been the globalization of institutional investment.