Crown Agents Bank agrees talent partnership with US Department of State

The programme will allow for knowledge sharing on keeping hard-to-reach markets connected to global financial infrastructure

New York City, 20^th September 2023: Crown Agents Bank today announced a new talent partnership with the US Department of State through its US affiliate, Segovia. The talent partnership promises to offer opportunities for employees to gain unique and further insights into the intersection of international relations and financial services. As part of the agreement, Segovia employees will have the opportunity to be seconded to the US Department of State, and mutually, as part of the prestigious Franklin Talent Exchange Partnership (FTEP).

The partnership aims to facilitate knowledge sharing between the two organisations around cross-border transactions for hard-to-reach markets. Moreover, the partnership allows for the US Department of State and private sector entities to second employees in the interest of advancing leading foreign policy priorities. The two-way exchange of talent aims to bring in experts and consultants and share knowledge around improving foreign policy around cross-border transactions that underpin international trade.

Both Crown Agents Bank and the US Department of State have a shared interest to keep transactions safe, transparent, and compliant. Crown Agents Bank’s US affiliate will share its expertise in building relationships with central banks and governments and international development organisations. In return, Segovia will gain additional understanding and expertise around foreign policy protocols.

"Cultivating this partnership is a remarkable opportunity for both parties involved and will foster a dynamic exchange of knowledge,” said Marcia Jones, Group Head of Human Resources at Crown Agents Bank. “The collaboration between the US State Department and Segovia enables the sharing of invaluable experiences, paving the way for informed best practices and structural enhancements in cross-border payments. Our shared commitment to shaping foreign policy that bolsters connectivity and robust relationships reinforces our common interests."

Segovia partnered with the US Department of State as part of FTEP which commenced in July 2023. The FTEP program is a collaborative effort between the Department of State and private sector organisations to help advance diplomacy efforts on key policy issues.

This partnership represents a significant stride towards enhancing international financial cooperation and promoting shared goals between public and private sectors, ultimately benefitting global economic stability and prosperity.

ENDS –

About Crown Agents Bank

Crown Agents Bank (CAB) is a specialist FX and payments business which connects hard-to-reach markets to the global economy so that money can move where it’s needed. It works with a diverse and high-quality client base of banks, fintechs, governments, central banks and international development organisations to serve currencies across over 150 countries, providing transparency, security and traceability to international money transfers within a highly regulated operating framework. It offers real-time, competitive pricing and a customisable user experience, underpinned by integrated data analytics.

The company benefits from having a UK banking license, bringing with it bank grade compliance, robust risk management, flexibility on products, and a recognition as partner of choice for blue-chip clients.

To find out more please visit: https://www.crownagentsbank.com/

US Department of State – Office of Global Partnerships

The Office of Global Partnerships (GP) is the U.S. government leader in private sector engagement. Since its inception in 2008, this approach has fuelled our ability to work with over 1,600 partners and mobilize more than $3.7 billion in public and private sector resource commitments that have enhanced the Department’s diplomacy and development outcomes. Harnessing the technology, markets, and resources of the private sector enables the Department to quickly advance U.S. foreign policy goals and objectives, while providing businesses and organizations with opportunities to create jobs, promote economic prosperity, and advance business ties and dialogues in specific regions.

In recent years, the private sector has invested $4 for every $1 of U.S. foreign assistance spent on global development. This dramatic shift in economic engagement requires the Department of State to reimagine how we approach diplomacy and development. GP embraces this new approach by serving as the direct link for the private sector to collaborate with the Department and by cultivating cross-sector relationships to advance U.S. foreign policy goals.

To find out more please visit: https://www.state.gov/