Almancil, Algarve, Portugal – Premier FX, the boutique currency exchange company headquartered in London, England, with offices in the Algarve, Portugal and Palma (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.
More about Premier FX
Premier FX is a UK Limited Company with offices in London, Spain and Portugal. They are regulated by UK Revenue & Customs and authorised by the Financial Conduct Authority (FCA). Client funds are held in secure, segregated accounts at Barclays Bank in London and are fully protected by law.
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More about Premier FX
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This article was written on the 18th of April, 2017.