Corpay Cross-Border Appoints Andrew Shortreid as new SVP Global Institutional Sales

Rhea-AI Summary

Corpay1, a FLEETCOR brand (NYSE: FLT), announces the appointment of Andrew Shortreid, CFA as the new SVP Global Institutional Sales for Corpay's Cross-Border business. With over 20 years of experience in the investment management industry, Andrew will lead a team focused on advancing the company’s Cross-Border solutions sales efforts to institutional customers in the asset management and private equity sectors, along with financial services firms.

TORONTO--(BUSINESS WIRE)-- Corpay¹, a FLEETCOR® (NYSE: FLT) brand and global leader in business payments, is pleased to announce that Corpay’s Cross-Border business has appointed investment management industry veteran Andrew Shortreid, CFA as their new SVP Global Institutional Sales. In this newly created role, Andrew will be responsible for leading a team of highly skilled Sales professionals focused on advancing the company’s Cross-Border solutions sales efforts to institutional customers in the asset management and private equity sectors, along with financial services firms.

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Andrew Shortreid, SVP Global Institutional Sales at Corpay Cross-Border (Photo: Business Wire)

With over 20 years’ experience across a range of capital market verticals, Andrew is a dynamic, well-regarded and experienced investment management professional. Over the course of his career, Andrew has founded and grown two successful businesses with private equity partners in the asset management space, was the lead Portfolio Manager on a top ranked multi-strategy hedge fund, and most recently was the CFO of one of North America's largest litigation finance funds. Andrew’s unique mix of entrepreneurial, institutional and sales leadership experience, along with background in currency risk management make him well suited to lead the company’s Global Institutional Sales team.

“Corpay has made tremendous progress in recent years building out our institutional client solutions and capabilities and we view Andrew as the perfect candidate to spearhead the expansion of the group dedicated to servicing this client segment,” said Mark Frey, Group President, Corpay Cross-Border. “Andrew’s blend of experience across the sector and vision for the future of the business uniquely positions Corpay within this highly attractive market segment and puts us in a strong position to build upon our current momentum and accelerate growth by bringing the voice of the institutional customer to the forefront of our Executive Team.”

“I couldn’t be more excited to join the exceptionally talented and successful team of commercial leaders at Corpay Cross Border and begin working with my new colleagues across the globe to deliver on this critical growth mandate for the business,” said Andrew Shortreid, SVP Global Institutional Sales, Corpay Cross-Border. “Having spent my entire career as a professional investor and entrepreneurial business builder across both public and private sectors, this newly created role is perfectly aligned to my strengths and will build on my experience as Managing Partner, CIO and CFO of several leading asset managers. We plan on aggressively building this group into a global powerhouse and becoming the trusted provider of FX risk management solutions to the world's top funds, asset managers, family offices, financial institutions and their service providers.”

About Corpay
Corpay is a global leader in business payments, helping companies of all sizes better track, manage and pay their expenses. Corpay provides customers with a comprehensive suite of online payment solutions including Bill Payment, AP Automation, Cross-Border Payments, Currency Risk Management, and Commercial Card Programs. Corpay is part of the FLEETCOR (NYSE: FLT) portfolio of brands. To learn more visit www.corpay.com.

¹“Corpay” (a Fleetcor (NYSE: FLT) brand) in this document primarily refers to the Cross-Border Division of Corpay https://www.corpay.com/cross-border; a full listing of the companies that are part of the Corpay brand is available here: https://www.corpay.com/compliance.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231212448969/en/

Corpay:

Brad Loder

VP, Cross-Border Marketing

+1 (647) 627-6635

brad.loder@corpay.com

Source: Corpay

Who is the new SVP Global Institutional Sales for Corpay's Cross-Border business?

Andrew Shortreid, CFA has been appointed as the new SVP Global Institutional Sales.

What is Andrew Shortreid's background?

Andrew has over 20 years of experience in the investment management industry and has founded and grown successful businesses in the asset management space.

What are Andrew Shortreid's responsibilities in the new role?

Andrew will be responsible for leading a team focused on advancing the company’s Cross-Border solutions sales efforts to institutional customers in the asset management and private equity sectors, along with financial services firms.

What is Corpay's plan for the future of the business?

Corpay plans to aggressively build the group into a global powerhouse and become the trusted provider of FX risk management solutions to the world's top funds, asset managers, family offices, financial institutions, and their service providers.