The combined trading operations will be led by Steve O’Donovan, Chief Commercial Officer, who has led the Currency Solutions business since 2008.

This new structure will allow Travelex to harness its full portfolio of products to provide bespoke foreign exchange solutions for customers around the world.

Anthony Wagerman, CEO of Travelex comments: “Our goal at Travelex is to put our customers at the heart of everything we do. Bringing together two key parts of the business under a single leader will enable Travelex to remain efficient and agile as we deliver our global growth strategy.”

Travelex Currency Solutions has a global reputation as a trusted partner to over 2,000 financial institutions, foreign exchange retailers and central banks around the world, supporting them to fulfil their banknote requirements and enable them to deliver reliable and innovative foreign currency services to their customers.

The retail business includes over 1,200 stores in 30 countries, including all airport operations.