About Us
Who We Are & What We Do
International Monetary Exchange, Inc. is a financial outsource corporation in the field of foreign currency exchange (FX). Our primary focus is to provide all the services and benefits of an in-house FX department to small and mid-size companies without the expense that such an operation would ordinarily incur.
IMEX offers clients the ability to conduct FX transactions at interbank exchange rates.These are the same rates that the world's largest financial institutions use to conduct their trades. Unlike banks, IMEX does not add on a percentage to the exchange rate which increases the cost of the transaction. Nor do we require access to your bank accounts. You always maintain complete control of your funds.
IMEX and You
Although the vast majority of IMEX clientele are internationally active corporations, we do on occasion handle the trades of individuals. If you have a legitimate currency exchange need, we would be happy to discuss your circumstances and see how we may help.
These matters are always addressed on a case by case basis. Sometimes we are able to accommodate the requirements of an infrequent or one time client. At other times we are not. However, when we do become involved, the client receives the benefits of a very competitive exchange rate, timely delivery and the security of knowing that their transaction and best interests are being looked after by professionals.
You can reach us by telephone at 732-583-7888 or give us a brief, yet complete description of just what you have to do via e-mail. In either case we will respond promptly and do our best to give you a clear picture of what your options are.
Our Management Team
Joel L. Borshof, President, founded the company in 1989 upon the principle that smaller and mid-sized companies deserve the same foreign exchange advantages traditionally enjoyed by the world's largest firms and financial institutions. After receiving his MBA from Bernard M. Baruch College (City University of New York), he began his career with Commerzbank A.G. in 1973.
He subsequently moved to J. Aron & Co. (now a division of Goldman, Sachs & Co.) where he established their foreign exchange trading desk. His expertise in the area of foreign exchange has earned him a reputation as one of the foremost authorities in the field, leading him to executive positions with other prestigious firms including Rothschild, Inc. and Farrman & Co., a unit of London based E.D.& F. Man, Ltd.
He co-authored the cross-rate currency futures contract for the Minneapolis, Twin Cities Board of Trade, which was approved by the United States Commodity Futures Trading Commission. He has also written numerous articles and papers on the subject of foreign exchange and is a noted speaker for professional and corporate groups.
James L. St. Germaine, Vice President, has been with the firm since its inception in 1989. Prior to his association with IMEX, he
held executive positions with national industrial manufacturers active in both domestic and international markets.
His expertise in the area of international trade and import/export markets provides insight as well as valuable assistance to IMEX clients. Jim has written articles for various business publications and has spoken to trade associations on the subject of advantages to be found in international business through an appreciation and understanding of the world's foreign exchange market.
His background in business is based on a strong foundation of customer service, and in addition to currency trading also reflects a history of marketing, manufacturing, purchasing and public relations.