The American Financial Exchange (AFX), an electronic exchange for direct lending and borrowing for US banks and financial institutions, has appointed veteran financial services executive John Shay as CEO. The announcement comes after the recent acquisition of AFX by 7RIDGE, a growth equity firm investing in transformative financial services technologies.
With decades of experience in leadership roles within the financial sector, Shay will lead AFX in accelerating its growth trajectory, expanding its network of members, and furthering the adoption of the AMERIBOR benchmark. Under 7RIDGE’s ownership and Shay’s leadership, the exchange aims to bring significant value to regional and local banks, helping them to source deposits, lend, borrow and manage risk effectively.
Subscribe to our newsletter