Azibo Holdings Recognised as Global Growth Company

LONDON, August 1, 2012 /PRNewswire/ --

The World Economic Forum has announced Azibo Holdings as the latest member of its Global Growth Companies community.

Azibo Holdings, parent company of Currencies Direct Limited and Tor Currency Exchange Limited was invited to join the WEF's Global Growth Companies in recognition of consistently strong growth and leadership within this industry.

Mayank B Patel OBE, Group Chairman of Azibo Holdings said:

"This is an exciting opportunity for the Group to be part of an incredible community of the world's fastest growing companies, playing a major role in the world economy.

"The Group has grown at an incredible rate over the past five years, withstanding the effects of the global economic crisis with individual companies establishing themselves as the best in their class."

Jeremy Jurgens, Senior Director, Global Growth Companies, World Economic Forum stated:

"Global Growth Companies play an extremely critical role. These companies provide the best example of creating new jobs, new technologies and new business models. They represent the best of practise in the economy now."

Rodolfo Lara Torres, Director, Membership, World Economic Forum concluded:

"When choosing entrants to our Community of Global Growth Companies, we assess companies on their business model, annual revenues and growth rates, executive leadership and market position. 

"Azibo Holdings is a dynamic financial group with clear potential to shape the future in their relevant business sectors and so is a perfect fit to our GGC community."

About Azibo Holdings

Azibo Holdings is a leading foreign exchange and payment processing player in the corporate and private client market through its ownership of Currencies Direct Limited and Tor Currency Exchange Limited. The Group processes in excess of 300,000 payments annually from its offices in the United Kingdom, Spain, France, Portugal, South Africa and India.

About The World Economic Forum

The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. Incorporated as a not-for-profit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests. As of August 2012, only 350 companies from 60 countries had been admitted to the WEF GGC Community. Membership is by invitation only and includes the world's fastest-growing corporations spanning all sectors and industries.

SOURCE Azibo Holdings