- New global financial services company brings new jobs to Melbourne
- FXCM establishing facility to support Asia/Pacific clients
- Victorian Coalition Government attracting global businesses to Melbourne
Deputy Premier and State Development Minister Peter Ryan today welcomed news international foreign exchange company FXCM will become the 70th international business to establish a new office in Melbourne.
Mr Ryan congratulated FXCM on selecting Melbourne as the location for its administration support centre.
"Since December 2010, we’ve attracted investments from 70 international investors to Victoria who previously had no presence in the state,” Mr Ryan said.
“This has brought over $580 million in capital investment to Victoria.
“Like so many other international companies, FXCM has recognised the advantages of setting up an office in Melbourne – our proximity to Asia, our highly skilled workforce, our status as the world’s most liveable city all underpinned by our AAA stable credit rating and the Victorian Coalition Government’s record of strong economic management.”
New York headquartered FXCM is a $1 billion global financial services company. It delivers trading software in 16 languages, produces foreign exchange research and content in 9 languages and provides customer support in 19 languages. More than 85 per cent of FXCM’s retail customer trading volume is derived from customers residing outside the United States.
FXCM services over 180,000 clients in more than 180 countries.
Mr Ryan said that the strength and diversity of Victoria's skilled multicultural community is a strong attraction for international companies seeking to service the Asia-Pacific region.
“Victorians come from more than 200 countries and speak more than 230 languages and dialects. We are proud of our diversity and our global outlook, and we are pleased that FXCM recognises the value that this can add to its business,” Mr Ryan said.
FXCM Australia Managing Director Jessica Beckstead said Melbourne was a great place from which to cater to Asian markets.
“We were looking at how best to service key international clients, principally Chinese nationals based in China,” Ms Beckstead said.
“We considered numerous locations, and Melbourne proved to be the leading choice.”
In addition to serving as an administrative support centre, the new Melbourne operation supporting non-Australian clients will also include account maintenance.
“Melbourne has an exceptional pool of trained professionals and skilled talent. We can hire experts who have strong financial literacy and who are bilingual Chinese-English speakers.
The workforce is stable and has an international mindset that is service-oriented,” Ms Beckstead said.
Media contact: Les White 0409 805 122