Custom House opens first Asian office
(11 May 2005 – Singapore) Boutique foreign exchange player Custom House has been given a licence to start trading in Singapore, the company’s first venture in Asia.
Custom House vice president, Asia Pacific, Fraser Jeffries, said the license would enable the company to provide Singaporean businesses with a competitive and credible FX alternative to the banks.
"It’s our first branch in Asia and a strategic gateway to the east as we begin to make our presence felt here," he said.
Jeffries said Custom House had built a US$2.5 billion book of business in Australia and New Zealand over the past three years. The company has more than 500 customers in Australia.
"I’m confident we can rival that success in Singapore and the region," he said.
Canada based Custom House said it handles more than US$10 billion in FX transactions globally.
"It’s our first branch in Asia and a strategic gateway to the east as we begin to make our presence felt here," he said.
Jeffries said Custom House had built a US$2.5 billion book of business in Australia and New Zealand over the past three years. The company has more than 500 customers in Australia.
"I’m confident we can rival that success in Singapore and the region," he said.
Canada based Custom House said it handles more than US$10 billion in FX transactions globally.
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