Moneycorp and Rochford part ways
This week, Australian treasury advisors Rochford, completed a management buyout from international payment specialist moneycorp, giving Rochford full ownership.
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The global financial market has seen many changes over recent months and after a strategic review of the ambitions of both businesses, it was determined that the longer-term aspirations of Rochford and moneycorp were diverging.
It was a strategic decision to decouple with the management teams of both firms remaining close. They continue to investigate opportunities for future collaboration.
Thomas Averill, MD of Rochford commented “We continued to grow and learnt a huge amount under the ownership of moneycorp. However, as a newly independent company, we look forward to further developing and expanding our product set and in the coming days we will both officially launch our capital and compliance solutions offering, and announce further development of our EQUIP risk management technology”