Fexco to create 80 jobs in UK expansion

Kerry-based business services group Fexco is to create 80 jobs as part of a significant expansion of its UK operations.

The credit management company employs more than 2,000 people across operations in Europe, the Middle East, Asia, Australasia and the Americas.

It is expanding its UK-based high-street retail foreign exchange subsidiary, No. 1 Currency by opening 20 outlets this year, which will result in an extra 80 staff being hired.

No. 1 Currency operates 17 outlets in Britain currently and is rated as one of the leading providers of foreign exchange services. The company will employ a total of 192 people by the end of the expansion process.

Fexco acquired the No. 1 brand two years ago. Group director of foreign exchange services Joe Redmond is pleased with its growth.

“We are reinforcing Fexco’s commitment to growing market share in the world’s most attractive retail foreign exchange market, and to establishing our position as number one for convenience, price, and service,” he said.

“An innovative new service launched recently by No. 1 Currency, called Click & Collect — where a customer simply orders their currency online and collects it from their nearest No. 1 Currency outlet, or at one of over 160 agents across the UK, has been a huge success and we are looking forward to expanding this service to our new retail outlets in the UK, which will offer the widest range of currencies available with no commission charged for all online transactions.”