AFEX, a provider of global payment and risk management solutions, has opened a new office in Manchester.

Located on Deansgate, the office will initially employ four permanent staff and adds to AFEX’s network of offices across Europe, the US, Canada, Australia and Asia.

The company launched the new office to meet demand from companies in the North West for its range of international payments and FX services.

AFEX general manager EMEA Stuart Holmes said: "We’ve seen an increasing amount of interest and activity from businesses across the region as they look to maximise their international growth potential and we are excited to be extending our UK operation.

"Manchester was a natural choice of location for us and we look forward to providing local firms with an even better and more tailored service to address their global payment, treasury and risk management needs.

"We’re really excited about our new home in Manchester. It will be a great base for us to expand our involvement with rugby league and we’re very much looking forward the 2016 season."