Killorglin-based financial services group Fexco expands in UK despite Brexit

Killorglin-based financial services group Fexco has expressed confidence in weathering the Brexit storm as it continues to grow its UK operations.

Speaking yesterday, on the back of the Kerry-headquartered group’s second British acquisition this year, Fexco’s head of foreign exchange services Joe Redmond said: “[The company continues to see the UK retail foreign exchange services market as] a very attractive one in which to invest and expand, due to its large number of inbound and outbound tourists, its position outside the single currency, its geographical proximity to Ireland and its enduring preference for cash.”

Back in March, Fexco acquired foreign exchange retailer Currency Exchange Corporation (CEC) for a reported €19m.