Flagstone International enters into a strategic partnership with Ocorian to enhance treasury, cash deposit, and foreign exchange (FX) solutions for institutional clients.
The partnership enables Ocorian’s global client base to access Flagstone International’s regulated, institutional-grade platform. This provides corporate services, captive insurance managers, and wealth managers with access to multiple investment-grade banks across various currencies through a single account.
Flagstone International’s technology simplifies multi-currency cash management by offering same-day execution, consolidated reporting, and improved liquidity management. The platform also facilitates the diversification of bank counterparty risk and provides enhanced yield opportunities on cash holdings.
Marc Krombach, director of global treasury services at Ocorian, says: “Our treasury services were created to deliver value, simplicity, and transparency to our clients’ banking and FX activities. The partnership with Flagstone International ensures we can help clients to optimise their cash and currency strategies and improve outcomes and operational efficiency.”
Aidan McAvinue, CEO at Flagstone International, adds: “Flagstone is proud to join forces with a partner of Ocorian’s scale and reputation in these markets. Together, we are delivering genuinely impactful technology to global clients. Ocorian are exceptional in their focus on client value and trust, and this partnership delivers lower costs, more efficiency, greater yield and spread of bank risk.”
Based in Jersey and regulated by the Jersey Financial Services Commission, Flagstone International was founded in 2021 to address inefficiencies in traditional cash management.
