XE is delighted to announce that they are increasing their presence in the UK into the North East of England, following their investment in local regional talent.
XE supports businesses in the region to protect company bottom line from the impact of currency fluctuations. In the lead up to Brexit and ongoing market uncertainty, managing company FX risk now more crucial than ever before.
Grant Murray, who has over 20 years’ experience in financial markets in the North of England and overseas, has joined the XE Business Solutions team and will be based in Newcastle.
Grant has an extensive network in the North East and is aligned with the North East Chamber of Commerce, Invest Newcastle and the Newcastle Start-up/Scale Up community. A proud Geordie and advocate of business across the Northern Powerhouse, he has a strong practical knowledge of what makes the area tick.
Sam McIntyre, Managing Director, XE Europe comments: “We are excited by the opportunity to work in a region that is home to a strong and diverse range of exciting international businesses with exceptional growth prospects. By having a dedicated FX expert on the ground, businesses in the Northern Powerhouse can take advantage of our currency knowledge first-hand as we continue to support businesses overcome the complex challenges created by foreign currency risk via our International Payments and FX Risk Management Solutions. With Grant on board we will be able to proactively support the demand of a high-growth region in the UK.”
Grant Murray, Regional Manager, North for XE comments:
“During times of uncertainty, businesses need support to manage their growth plans and protect their profits from the impact of currency fluctuations. Now that XE are open for business in the region we are better placed to proactively guide our clients through the complexities of Brexit and beyond, whatever the outcome. Global trade doesn’t have to be risky business! I look forward to meeting and working with business leaders in the region to ensure that businesses are prepared and educated about the potential of all outcomes and the impact of further market volatility.”
Ciara Slack, Senior Investment Manager, Invest Newcastle, comments:
“Newcastle is fast becoming a leading location for FinTech businesses, who are looking to start-up, scaleup or relocate and we are thrilled that a global company like XE are joining this growing cluster.
“Newcastle is a top three city for scale up investment and our digital cluster has grown faster than any other UK region outside of London. From small start-ups to huge corporates like EY and Deloitte, our city is attracting more and more businesses because of our talent, FinTech community, strong networks and emerging centres of excellence.
“Invest Newcastle has been working with Grant on this regional expansion, linking him into key events, networks and funding support. He is a proud northerner and so passionate about what our city and our people have to offer, seeing the opportunities of being in a high growth city like Newcastle. I have no doubt that Grant will be a great ambassador for the region and the FinTech community.
“Our FinTech cluster is on the rise and this move from a global company like XE, really demonstrates the confidence businesses have in our region. We wish them every success and look forward to working with them throughout their expansion journey.”
Over 200m people use XE’s apps and website to check the mid-market exchange rate. XE Money Transfer has over 140,000 consumer and 14,000 corporate clients globally. They have offices in the UK, Europe, North America, Canada, Australia and New Zealand.