Ebury, the global financial technology firm, is pleased to announce the strengthening of its Institutional Solutions team, reinforcing its commitment to supporting the alternative fund management industry. The firm welcomes two new hires: Tom Farrow and Aaron Bird.

Tom Farrow has been operating at the forefront of the FX industry for nearly 20 years. He most recently served on the Executive Board at Monex Europe as Group Director of Trading, where he played a pivotal role in building the Monex Trading Team and established their Derivatives Trading desk. Tom will expand Ebury’s presence in the Alternative Fund Industry, the mid-and-large Corporate segment, and will strengthen Ebury’s presence in the Derivatives space.

Aaron Bird brings 20 years of experience across the FX and fund administration industry in London, Jersey, and Sydney. Most recently holding the position of Global Head of Alternatives and Enterprise solutions Argentex, Aaron will expand Ebury’s Institutional coverage in the APAC region.

Ebury Institutional Solutions (EIS) supports funds in operating cross border by providing transactional accounts in 40 jurisdictions, bespoke FX risk management solutions, an industry-leading credit offering, cash management, and fund finance. Ebury’s strength is seamlessly solving the complexities that come with operating across borders, such as transactional accounts in different jurisdictions (e.g., a German fund manager opening a transactional accounts for a Luxembourg SPV), hedging the currency exposure of a cross border investments (e.g., hedging the FX risk of a EUR denominated fund investing in US assets), or supporting an asset disposal in an emerging market (e.g., repatriating the proceeds of a Brazilian asset sale to a UK fund). 

Ebury Institutional Solutions combines a dedicated local institutional coverage team currently operating in 15 fund-dominant jurisdictions with a strong presence in Luxembourg, Channel Islands, Singapore, Hong Kong, UK, Channel Islands, Switzerland, UAE, and many others. Moreover, Ebury has built market-leading global transactional account infrastructure, a dedicated fund KYC onboarding and risk teams, bespoke fund FX hedging solutions, and comprehensive emerging market currency coverage. Having 11 regulated entities globally enables Ebury to service clients locally on a single global platform.

Menne Mennes, Managing Director at Ebury Institutional Solutions, commented: "The appointments of Tom and Aaron underscore Ebury’s commitment to delivering unparalleled alternative banking and FX hedging solutions for our clients in the alternative fund management industry. Their understanding of the fund ecosystem, multi-jurisdictional perspective, and experience in delivering solutions for institutional clients will support Ebury in strengthening its role as a key partner to the fund alternative fund management industry."

Tom Farrow, Director Ebury Partner Market, stated: “It’s exciting to be joining Ebury during such a unique chapter in their journey. I have been incredibly impressed by their unparalleled ambitions in this sector and I look forward to building on the exceptional foundations which are already in place.”

Aaron Bird, Head of EIS APAC, remarked: “Ebury's global footprint and strong regulatory presence coupled with a best in class product offering provides a unique advantage to service providers, fund managers and their investors in the APAC region. I am excited to work with the Ebury team to help our current clients and future prospects navigate the complexities of foreign currency and cross-border transactions whilst helping them achieve their investment goals.”