Moneycorp set to open its first Scottish office

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Daniel Webber
Daniel Webber
Founder & CEO
Daniel is Founder and CEO of FXcompared and has 18 years of experience in the international finance world focusing on cross-border payments, technology and the property sectors. Daniel is widely… Read more
  • Moneycorp will create seven new jobs in the Scottish capital city of Edinburgh
  • Firm currently operates in over 190 countries and has hired ex-Barclays staff for Scottish office
  • “This is a very exciting development for moneycorp and its clients, as we bring our specialist expertise to the city of Edinburgh for businesses across Scotland”, says Moneycorp boss

 

A leading remittance services firm is set to open up its inaugural office in Scotland.

Moneycorp, which is based in London and has been in existence since 1979, will open an office in Edinburgh and has hired a range of staff to help get its operation off the ground.

It has hired Niall Handy, a former employee of Barclays Bank who has more than 17 years in the corporate and investment banking spheres, for the Head of Sales role. In this position, he will cover sales in both Scotland and in Northern Ireland.

It will also create a further seven vacancies for its Edinburgh office. The exact location of the office in the city is not yet known.

In a statement, Managing Director for Corporate IP at Moneycorp Lee McDarby said that the firm was on the lookout for new staff members to join the team.

“This is a very exciting development for moneycorp and its clients, as we bring our specialist expertise to the city of Edinburgh for businesses across Scotland”, he said.

"We’re planning for growth and are already recruiting for talented people who are keen for a career in the personal delivery of money transfer services for businesses”, he added.

Moneycorp has seen rapid growth in recent years, and it currently operates in over 190 countries, or licensed jurisdictions, around the world. In addition to its London headquarters and its new Scottish offices, it has offices in several major economies. It is represented in the USA, France, Spain, Australia, Brazil and more.

It also provides services to a number of different customer groups. This includes business customers like corporations and sole traders, and also personal banking customers looking for travel money or to send money home to friends and family. It operates in the wholesale banknotes sector as well, and it is responsible for ensuring good stock flow at ATMs and elsewhere.

Edinburgh has long been known as a hub for financial services, and over £500 billion of assets are under management here. The Scottish city has a number of advantages for doing business compared to its counterpart across the border, London. Staff salaries and cost of living tend to be lower, for one thing – while there’s also a strong tech base, which is fuelling fintech innovations. While Scotland looks set to be leaving the EU along with the rest of Britain, the arrival of firms like Moneycorp suggest that Edinburgh will be an appealing place to do business for a long time yet.

To discover more about what firms like Moneycorp can offer consumers, check out our news articles.


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