The acquisition adds breadth to Premier FX’s customer base and provides expansion into new industry sector.
Premier FX, the boutique currency exchange company headquartered in London, England, with offices in the Algarve, Portugal and Palma de Mallorca, Spain, are pleased to announce the recent acquisition of UK-based Global Currency Service Limited. GCSL is a 13-year-old specialist foreign exchange company for private and corporate clients, with a solid reputation serving the media and entertainment sectors.
Both brands will remain separate and both companies will be directed by Peter Rexstrew, owner and CEO of Premier FX.
"We have been working with GCSL closely now for two years and it seemed the right time to complete this acquisition,” said Rexstrew. “The brand is well known in the media sector, and the company has an established client base. Bringing GCSL together with Premier FX seems a natural fit.”
Peter Rexstrew will join the board of GCSL as CEO and owner. Former GCSL owner David Baker will remain with the company to maintain a seamless transition period for GCSL clients.
"David has a wealth of experience in foreign exchange, and has built a successful business with GCSL,” comments Rexstrew. “His knowledge and continued guidance is greatly appreciated as we grow the GCSL brand and business."
“I’m pleased that GCSL will carry on with such a respected company as Premier FX,” says Baker. “I have no doubt that existing customers will continue to receive first-class service, and that the company has an opportunity for increased growth in the marketplace.”
Already, a rebranding effort has led to a new design for the GSCL logo and the launch of a new company website.
GCSL has three employees. The company operates out of Premier FX offices in Reigate.
Founded in 2006, Premier FX is an internationally-renowned foreign exchange remittance company. Premier FX offers personalized, professional currency solutions for private and corporate clients, from offices in the Algarve, Portugal, Palma de Mallorca, Spain, and London England. Premier FX is authorised and regulated by the UK Financial Conduct Authority, under firm reference number 530712, and can fully utilise the world's best financial services infrastructure for the benefit of clients.
Since 2004, Global Currency Service has offered currency exchange services to private individuals in the UK, and companies doing business international sphere. In recent years, GCS has developed a special emphasis on money transfer strategies for the media sector working in overseas locations. GCSL is a UK registered company. It is authorised by the Financial Conduct Authority as a payment services institution, under firm reference number 535671.