Official foreign exchange partner of the Great Britain SailGP Team

AFEX IS THE OFFICIAL FX PARTNER OF GREAT BRITAIN SAILGP TEAM AHEAD OF SAILGP 2020 CHAMPIONSHIP

AFEX will help the team manage its foreign exchange needs on the global circuit

London – 10 January 2020 – To a packed business and media audience at the recent Great Britain SailGP reception, the team announced its exciting collaboration with AFEX and welcomed the global payments company as the Official FX Partner to the Great Britain SailGP team.

“We’re proud to be the Official FX Partner to the Great Britain SailGP team—and to be helping the team better manage their currency exposures. AFEX is deeply committed to sport around the world, and share the values of discipline and excellence that top athletes and teams embody”, said Wayne Mitchell, Managing Director at AFEX. “SailGP is an innovator, leveraging new technology to revolutionise the sport of sailing. Supporting the Great Britain SailGP team is a natural fit for AFEX—we’ll be cheering for the team as they compete on the global circuit.”

AFEX is a leading global payment and risk management specialist, serving more than 35,000 commercial and private clients around the world. The partnership with the Great Britain SailGP team, both as a partner and a service provider, underlines AFEX’s commitment to innovation and excellence.

“We are really pleased to announce AFEX as our Official Foreign Exchange Partner”, said Chris Draper, British team CEO. “From our first meeting it was clear that there is a real alignment between our two brands and ambitions and a close fit in terms of people and relationships. AFEX are going to help us optimise the management of our foreign exchange and currency transactions as we travel the globe. This is going to be a really dynamic partnership.”

SailGP also announced the first event hosted in the UK during the 2020 season, adding Cowes to the line-up of Sydney, San Francisco and New York. The Cowes SailGP 2020 event will take place on Friday 14 and Saturday 15 August 2020.

From Left - Right: Sir Russell Coutts (SailGP CEO), Sir Ben Ainslie (Great Britain SailGP Team), Chris Grubb (AFEX), Kit Lomax (AFEX), Emma Gowdie (AFEX) and Chris Draper (Great Britain SailGP CEO)

For more information about SailGP, the British team and AFEX, please see details below.

ABOUT SAILGP

SailGP is sailing redefined. Established in 2018 and headquartered in London and New York, SailGP is an annual, global sports championship featuring bold, cutting-edge technology and awe-inspiring athleticism. The fan-centric, inshore racing takes place in some of the most iconic harbors around the globe and culminates with a $1 million winner-takes-all match race. Rival national teams from Australia, China, France, Great Britain, Japan and the United States battle it out in identical supercharged F50 catamarans, engineered for intense racing at electrifying speeds exceeding 50 knots (nearly 60 mph/100 kph). Visit SailGP.com for more information.

ABOUT AFEX

AFEX pioneered personalised global payments and risk management, providing a tailored solution since 1979. AFEX serves more than 35,000 active commercial and private clients from 22 offices across the Americas, EMEA and APAC, executing over one million transactions annually in more than 100 currencies. With a full portfolio of hedging tools and foreign exchange services supported by our proprietary state-of-the-art technologies, AFEX specialists tailor strategically adept global payment and foreign exchange solutions to help clients achieve the most favourable outcomes. Please visit afex.com to learn more.

CONTACTS

Natasha Elliott, Great Britain SailGP Team Communications Manager

nelliott@sailgpgbr.com | UK: +44 7766 230261

Emma Gowdie, AFEX EMEA Marketing Manager

egowdie@afex.com | UK: +44 (0)207 004 3850