Baydonhill FX, a company specialising in currency exchange and international payments, has opened its first sales office in Wales.
The London based company with one of the longest established teams of currency specialists in the industry will be offering cost effective Foreign Exchange (FX) services to businesses, the educational sector and private individuals in Wales.
As specialists in international money transfers Baydonhill FX is FSA authorised and its services will provide businesses with competitive alternative access to foreign exchange .
It will be targeting Wales based companies that export goods, trade internationally and have overseas operations as well as the Welsh higher and further educational sector which attracts over 14,000 overseas students.
Chris Nott, head of the Welsh Government’s Sector Panel for Financial and Professional Services said: “Financial and professional services are one of our key sectors with high growth potential. I welcome the decision by Baydonhill FX to open an office in Wales which is good news and supports our drive to develop the sector and offer businesses a comprehensive service.”
Richard Matthews, Baydonhill FX Director said “We are expanding operations into Wales because of the market potential and we feel we can offer businesses in Wales a specialist bespoke service to support trade development.
“When companies are trading internationally they need access to cross border payment services and the provision of foreign currency exchange related products which is our speciality should help them.
“We purchase high volumes of foreign currency on a daily basis, enabling us to secure very competitive exchange rates, saving customers money on exchange rates when compared to High Street banks.
“On the education side our StudyPay system provides a convenient way for parents, agents, schools and universities to pay or receive international education payments; from school fees, anywhere in the world, to paying for student accommodation. “
Baydonhill FX began trading in March 2000 as Currencies4Less concentrating on the private client market. In 2006 the Group changed its name to Baydonhill FX plc and shortly after, with additional funding from Ekwienox FX Ltd. it expanded to include the Baydonhill FX .
Corporate Division, whilst still serving private clients, offering international payment services with development of an online payment platform. Its new office in Wales is based in Treforest and headed up by Vanessa Lloyd .