November 2015, OFX received an unsolicited "non-binding indicative proposal" from Western Union to acquire 100% of OFX however in February 2016 discussions were discontinued. 2015 Name change to OFX In December 2015, OFX unveiled the new brand and OFX.com in Australia. "This was the first step in a program that would see the Group's seven regional brands consolidated into a single global brand". Up until that date it operated a number of different territory specific brands that include UKForex, CanadianForex, NZForex, USForex as well as ClearFX and Tranzfers before a brand consolidation to OFX. In February 2017, citing "Delivery against the strategy has not consistently met the board or shareholders' expectations", OFX's chairman announced that John Alexander "Skander" Malcolm will replace Richard Kimber as CEO. 2020-2022 offers and acquisitions In March 2020 OFX confirmed that it had received a further unsolicited approach, and the company entered into discussions about potential mergers and acquisitions activity, the details of which remain confidential. However, the discussions were discontinued due to uncertainty in equity markets. In July 2021, OFX announced a $6.1 million investment in European treasury management cloud software company TreasurUp, the company's largest strategic investment to date. In December 2021, OFX announced an agreement to acquire Canadian global foreign exchange service provider Firma. The acquisition was completed in May 2022. References Online remittance providers Foreign exchange companies Financial services companies based in Sydney Financial services companies established in 1998 1998 establishments in Australia