Seabury Capital’s Trade Finance Unit Partners with Thomson Reuters to Grow Market Presence In Asia
Summary
NEW YORK--( BUSINESS WIRE )--Seabury TFX (HK) Limited (“STFX”), a Hong Kong- and U.S.-based provider of trade finance solutions to supply chains around the world and a subsidiary of New York-based Seabury Capital Group LLC, announced today a new partnership with Thomson Reuters (NYSE: TRI) which aims to develop a new marketplace for trade finance in Asia.“There is a significant focus on utilizing open technology standards to spur the transparency and innovation to provide the flexibility which the trade finance industry increasingly needs to remain competitive in a complex, global business landscape.”Treasurers need to manage working capital in a fast-changing market under an “expensive, high-risk low-return” financial world, while investors tend to look for “special niches” – instruments that could deliver adjusted return prospects, structure and risk.The launch of the Receivables Board App on our Eikon platform demonstrates the openness of our technology and the ability for our partners to quickly innovate to solve real customer needs.Since its founding in 1995, Seabury Capital has taken ownership stakes in software and asset management businesses servicing the aviation and travel industries.
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