Tod Van Name
Medibank Private Limited, Australia’s largest private health insurer, has chosen Bloomberg’s Foreign Exchange (FX) trading platform to manage the exchange rate risk associated with its $2.5 billion global equity portfolio. Medibank Private Ltd. uses the Bloomberg Professional service to research global news and data and perform analytics to hedge their interest-rate risk. Now, Medibank will also use the system’s FXGO function to manage their foreign-exchange risk, execute FX trades and get requests for quotes (RFQs) in spot, forwards, swaps, options and deposits.
Tod Van Name, global head of Bloomberg’s Foreign Exchange business, said, “Corporate executives all over the world are discovering that the Bloomberg Professional services’ FXGO makes managing foreign exchange risk intuitive, seamless and cost-effective. They can get prices from their preferred banks, execute trades and integrate with their order management, risk management and back office systems all on one platform.”