Argentex, a FCA regulated provider of foreign exchange services to corporate and private clients across EMEA, has signed an exclusive foreign exchange (FX) partnership with the Professional Cricketers’ Association (PCA).
The PCA is the representative body of past and present first-class cricketers in England and Wales.
The partnership arrangement will allow players past and present to take advantage of Argentex’s secure and bespoke Private Client services when exchanging currencies.
Over the last decade, cricket has become big business and with a global audience of over one billion and multi-million-dollar franchises. Players and teams are now being compensated accordingly through elevated prize money, overseas contracts and global sponsorship deals.
The PCA partnership joins the roster of Argentex’s existing relationships with sporting bodies including the Rugby Players’ Association and International Sports Management.
Harry Adams, Group Co-CEO, Argentex said: “Members of the PCA and current players are still adjusting to some of the more lucrative aspects of the sport. This summer, we want the England team to focus on their performance on the pitch, rather than the performance of the pound. Instead, they can trust that Argentex understand the unique FX requirements of professional sportspeople who are performing on the global stage, having worked with sports management firms for many years.”
Jofra Archer, England and Sussex cricketer and Argentex client commented: “Since my first overseas contract, Argentex have helped me to move foreign currency around the world. The global nature of tournament cricket means that that as a player you need support and assistance around the clock. Having the expertise of Argentex means that I’m free to concentrate on my cricket, whilst they work in the background to ensure that my foreign currency earnings are managed in the most effective and timely manner.”