Moneycorp has announced a new partnership with MHA which will aim to provide insight, guidance and support to clients in developing their currency risk management strategy.
The partnership will give MHA clients access to Moneycorp’s expertise by providing individual support with their international payment needs, as well as guidance on currency risk management strategies.
It comes as Moneycorp said that Covid-19 and Brexit have had a significant impact on the accounting industry with many accountants being placed under pressure from clients to provide efficient and speedy advice.
This support is “essential” for entrepreneurs and corporations alike, who turn to MHA for support around importing or exporting goods, or seeking tax advice when purchasing properties abroad.
This collaboration will also allow the firm to bolster MHA’s client offering that helps to mitigate the risks of currency volatility.
Lee McDarby, CEO of UK International Payments at Moneycorp, said: “We are delighted to announce our partnership with MHA, and to support companies and entrepreneurs across the UK.
“As the UK continues to emerge from lockdown, the new partnership will allow corporations, and entrepreneurs to navigate the world of international payments and risk management with confidence, and thrive in the ever-evolving business landscape.”
Rakesh Shaunak, chairman MHA, added: “Over the last year we’ve seen companies and entrepreneurs rise and meet unparalleled challenges with forward thinking and resilience.
“That is why we’re pleased to embark on this new partnership. As UK businesses and entrepreneurs look to expand their global footprint, currency risk management will be an important part of future-proofing.”