Corpay Cross-Border Grows in Europe with Launch of Luxembourg Office
Expansion aims to enhance service offering for institutional clients and bolster European growth through an increased market presence
Corpay, Inc.*, (NYSE: CPAY), a global leader in corporate payments, is proud to announce its entry into Luxembourg with the establishment of a new office for its Cross-Border business. As part of Corpay’s ongoing expansion in Europe, this significant move aligns with the company’s strategy to enhance its presence in key financial markets worldwide and supports its growth ambitions in the institutional investor and private funds space.
“The new Luxembourg office underscores our commitment to supporting the sophisticated needs of this global client base and enables us to provide a localized solution set for our institutional clients that establish their international investment structures in Luxembourg,” says Andrew Shortreid, SVP, Global Institutional Sales, Corpay Cross-Border Solutions. “Luxembourg’s status as a major financial hub in the EMEA region, with nearly 50% of its workforce engaged in financial services or related activities, makes it an ideal location for us. This new branch will enable us to better serve our cross-border clients in the investment industry globally.”
The Luxembourg financial centre is the largest in the Eurozone and the third largest in Europe, after London and Zurich. Recognized as the leading jurisdiction in Europe for cross-border international fund setups, Luxembourg is also the second-largest market for fund assets under management, following the US. As a global investment base, local funds commonly transact across a diverse range of currencies, including yen, Hong Kong dollars, pounds and euros.
The robust development of Luxembourg’s financial industry presents substantial opportunities for service providers facilitating the operations of various financial entities, such as fund managers raising capital from European investors through Luxembourgish entities and utilizing local administrative agents and legal professionals.
In light of this, Corpay is introducing a range of institutional solutions strategically targeted for this market including global multi-currency accounts, global payments, and other services focused on transaction support. This approach addresses the complexities of establishing financial relationships within Luxembourg’s conservative market and provides clients with an alternative to banks.
“Luxembourg represents a pivotal market for Corpay with its advanced financial sector, and we are thrilled to establish our presence here,” said Mark Frey, Group President, Corpay Cross-Border Solutions. “This expansion is a testament to our commitment to global growth and our dedication to meeting the needs of our clients in key financial markets. We look forward to leveraging our robust architecture and regulatory compliance to help our clients navigate Luxembourg’s stringent banking industry.”
“We are excited to welcome Roman Sokolowski as the branch manager for our new Luxembourg office. Roman brings a wealth of experience in the local market and a proven track record in the financial industry. His extensive network and proactive approach will be invaluable as we expand our presence and enhance client-centric solutions in this key jurisdiction,” added Andrew Shortreid.
About Corpay
Corpay, Inc. (NYSE: CPAY) is a global S&P500 corporate payments company that helps businesses and consumers pay expenses in a simple, controlled manner. Corpay’s suite of modern payment solutions help its customers better manage vehicle-related expenses (such as fueling and parking), travel expenses (e.g. hotel bookings) and payables (e.g. paying vendors). This results in our customers saving time and ultimately spending less. Corpay Cross-Border refers to a group of legal entities owned and operated by Corpay, Inc.
Corpay – Payments made easy. To learn more visit www.corpay.com.
*“Corpay” in this document primarily refers to the Cross-Border Division of Corpay, Inc. https://www.corpay.com/cross-border; a full listing of the companies that are part of Corpay Cross-Border is available here: https://www.corpay.com/compliance.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250318567799/en/
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Spatial Corp. and Kawasaki Heavy Industries, Ltd Collaborate to Leverage Spatial Software Components to Power neoROSET Robot Programming18.3.2025 23:00:00 CET | Press release
Spatial Corp., the leading 3D software development toolkit provider for design, manufacturing and engineering solutions and a subsidiary of Dassault Systèmes, and Kawasaki Heavy Industries, Ltd today announced their collaboration to leverage Spatial Software Development Kits (SDKs) in the development of neoROSET, Kawasaki next-generation offline robot programming tool. With Spatial, Kawasaki Heavy Industries, Ltd. benefited from SDK technological excellence as well as expertise to develop neoROSET, its advanced industrial robot programming software designed to simplify and optimize robotic systems assessment and construction. Key Spatial SDKs used in neoROSET include: CGM Modeler, a state-of-the-art 3D modeling kernel 3D InterOp, a robust data translation library enabling seamless data import and export in major formats HOOPS Visualize, a high-performance graphics library offering state-of-the-art visualization capabilities for engineering applications AGM, a comprehensive 3D applicati
NetApp Storage Now Validated for NVIDIA DGX SuperPOD, NVIDIA Cloud Partners, and NVIDIA-Certified Systems18.3.2025 21:00:00 CET | Press release
NetApp’s rich data management capabilities accelerate AI innovation for customers NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced that NVIDIA has validated high-performance NetApp enterprise storage systems with NetApp ONTAP® for environments powering AI training and inferencing. For the first time, with NetApp, customers can now get the benefits of validated configurations and architectures for NVIDIA—including NVIDIA DGX SuperPOD, NVIDIA Cloud Partners, and NVIDIA-Certified Storage—combined with the rich and mature data management services in NetApp ONTAP critical for building AI factories. These certifications ready NetApp to tap the NVIDIA AI Data Platform reference design for NetApp ONTAP to advance storage infrastructure with AI agents for reasoning model inference workloads, powered by NVIDIA accelerated computing, networking, and software. “NetApp and NVIDIA are longstanding technology partners, jointly serving hundreds of customers for AI m
NetApp Fuels Future of Agentic AI Reasoning Solutions with NVIDIA AI Data Platform18.3.2025 21:00:00 CET | Press release
NVIDIA-powered data agents coming to NetApp ONTAP will speed inference NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced it is advancing the state of the art in agentic AI with intelligent data infrastructure that taps the NVIDIA AI Data Platform reference design. By collaborating with NVIDIA, NetApp is enabling businesses to better leverage their data to fuel AI reasoning inference. In the era of intelligence, businesses need to rethink their data strategies to turn rapidly growing data estates into competitive assets that empower them to agilely navigate their business environment. By adopting an Intelligent Data Infrastructure framework, businesses will be able to operate under a unified vision that integrates metadata cataloging, automation, and hybrid cloud capabilities to eliminate siloes and deliver actionable insights at every stage of the AI pipeline. Together, NetApp ONTAP® and the NVIDIA AI Data Platform enable businesses to navigate the er
Outseer Launches Platformized Behavioral Biometrics Delivering Unmatched Defense in Depth18.3.2025 20:52:00 CET | Press release
Leader in Authentication and Fraud Prevention Natively Incorporates Behavioral Biometric Signals into AI-Powered Platform Outseer, a recognized leader in authentication and fraud prevention for digital banking and 3-D Secure (3DS) transactions, announced its platform-native Behavioral Biometrics capability today. The addition of platformized Behavioral Biometrics introduces another layer of defense that continuously analyzes user interactions to detect anomalies in real time. Building on its rich RSA® heritage (formerly RSA Fraud & Risk Intelligence™), Outseer has enhanced its platform to meet today’s dynamic threat landscape. As fraud evolves—spurred by the digitization of payments, the spread of personal data across the dark web, the growing threat of scams and authorized fraud, as well as advancements like GenAI—Outseer’s multi-signal risk engine, leveraging sophisticated machine learning algorithms and AI, sets a new standard for continuous, unified protection. “Our customers are f
Ravenna Becomes the First Colourblind-Friendly City in Italy: Event and New EnChroma Glasses Donation18.3.2025 17:29:00 CET | Press release
Tomorrow, March 19, 2025, at 4:30 PM, the conference "How Colourblind People See" will be held at the Martini Hall of MAR – Ravenna’s Museum of Art. This event is dedicated to raising awareness about colour blindness and the challenges of colour perception. Speakers will include Stefano De Pietro, President of the Italian Association "How Colourblind People See", and Sandor Breznay, President of the Breznay-Ganoczy Foundation (Agno, Switzerland) and the Paolina Brugnatelli Foundation (Milan). Colour blindness affects approximately 1 in 12 men and 1 in 200 women, with over 300 million people worldwide experiencing this condition—2.5 million in Italy. While those with normal colour vision can distinguish over a million shades, individuals with colour vision deficiency see only about 10% of those hues. As a result, colours may appear dull or even indistinguishable. This initiative aims to increase public awareness and make cultural and educational experiences more accessible for those wit
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom