Fexco Financial Services
 | |
| Private company | |
| ISIN | 🆔 |
| Industry | Financial Services |
| Founded 📆 | 1981 |
| Founder 👔 | |
| Headquarters 🏙️ | , , |
Area served 🗺️ | Europe, Middle East, Asia, North America, Latin America, Australasia |
Key people | |
| Products 📟 | Foreign exchange |
| Members | |
Number of employees | ~2,500[3] |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Fexco is an Ireland-based financial services and financial technology company focusing on bureau de change and payment card services.[4][5] Its head office is located in Killorglin, County Kerry. As of 2019, Fexco reports it has more than 2,500 staff[3] and of these, 1,200 are based in Ireland[6], with other staff spread between offices in 29 countries worldwide, including the UK, Spain, New Zealand,[7] USA, Middle East[8] and Asia[9].
History[edit]
Fexco was set up in 1981 by Brian McCarthy, originally to provide bureau de change services to the Irish market.[1] McCarthy, now acting as Fexco chairman, is also chairman of the Irish Prisons Board.[10]
Former Tánaiste Dick Spring was appointed as an executive vice-chairman of Fexco in 2002.[11]
As of 2009, services offered by Fexco included prize bonds, dynamic currency conversion and related customer services.[12]
In 2010, Fexco acquired 75% of Goodbody Stockbrokers for a reported bargain fee of €24 million with the management take the remaining 25% stake in the business.[13][14][15][16] The Financial Times commented that the lowly price tag placed on Ireland’s oldest stockbroker and "one-time bastion of Ireland's Protestant business elite" was just another measure of the dramatic decline of the Irish economy.[17][18] In 2018, Fexco turned down a deal to sell Goodbody to a Chinese consortium for €150 million.[19]
The Currency Exchange Corporation was acquired by Fexco in 2016.[20]
References[edit]
- ↑ 1.0 1.1 "The money-changer". independent.ie. Independent News & Media. 5 April 2008. Retrieved 29 October 2019.
- ↑ "Fexco scooped €23m after stock exchange sale". independent.ie. Independent News & Media. 17 October 2019. Retrieved 29 October 2019.
- ↑ 3.0 3.1 "About Fexco". fexco.com. Fexco. Retrieved 29 October 2019.
- ↑ O'Halloran, Barry. "The business of financial services adds up for Fexco". The Irish Times. Retrieved 2019-10-31.
- ↑ "Focus: From his scenic offices in Co Kerry Brian McCarthy controls a huge multinational business. But it's no thanks to Irish officialdom which, he says, should be sacked for incompetence". The Sunday Times. 8 August 2004. ISSN 0956-1382. Retrieved 2019-10-31 – via www.thetimes.co.uk.
- ↑ "Fortune for the Kingdom: Fexco to create 175 jobs in Kerry". siliconrepublic.com. Silicon Republic. Retrieved 30 October 2019.
- ↑ "Fexco expands into South Pacific". FINANCIAL SERVICES. independent.ie. Retrieved 22 May 2013.
- ↑ "Fexco expanding in the Gulf with two significant ventures". independent.ie. Retrieved 22 May 2013.
- ↑ "Fexco Appoints Cathal Foley as CEO of Fexco Asia (PR Newswire)". Bloomberg. 2019-09-16. Retrieved 2019-10-30.
- ↑ "A Brief History Of The Irish Prison Service". Archived from the original on May 10, 2009. Retrieved August 17, 2009. Unknown parameter
|url-status=ignored (help) - ↑ "Fexco vice-chairman role for Dick Spring". independent.ie. Independent News & Media. 10 September 2002. Retrieved 29 October 2019.
- ↑ "Contact Centre of the Year Award". Archived from the original on May 1, 2010. Retrieved November 20, 2009. Unknown parameter
|url-status=ignored (help) - ↑ "Goodbody may be sold as part of AIB restructure – Irish, Business". The Irish Independent. 15 January 2010. Archived from the original on 3 August 2012. Retrieved 18 October 2011. Unknown parameter
|url-status=ignored (help) - ↑ Daly, Gavin (27 June 2010). "Fexco to pay €20 million for Goodbody Stockbrokers | The Post". sbpost.ie. Sunday Business Post. Retrieved 18 October 2011.
- ↑ "Cantillon - Inside the World of Business". The Irish Times. 7 July 2010. Retrieved 18 October 2011.
- ↑ "Announcement - 20 September 2010". goodbody.ie. Archived from the original on 23 September 2010.
- ↑ "Companies - Financial Services – Goodbody sale highlights economic decline". Financial Times. 27 September 2010. Retrieved 18 October 2011.
- ↑ "Fexco makes a bargain basement deal for Goodbody – Irish, Business". The Irish Independent. 26 September 2010. Archived from the original on 1 August 2012. Retrieved 18 October 2011. Unknown parameter
|url-status=ignored (help) - ↑ "Second time lucky for Goodbody Stockbrokers?". The Irish Times. 2019-05-18. Retrieved 2019-10-30.
- ↑ "About Us". cecltd.com. Currency Exchange Corporation Ltd. Retrieved 29 October 2019.
In 2016, Currency Exchange Corporation was acquired by Fexco Ltd
External links[edit]
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