GC Partners launches new unified FX and custody offering for buy-side

News & Insights

Global Currency Exchange Network Ltd (GCEN), and Global Custodial Services Ltd (GCS), have announced their unification under a single brand: GC Partners.

Global Currency Exchange Network Ltd (GCEN), and Global Custodial Services Ltd (GCS), have announced their unification under a single brand: GC Partners.

GC Partners offers institutional and corporate clients bespoke FX, hedging, mass payments, client money and investment services– targeting clients looking for a bespoke solution to match their specific needs, with a quick turnaround on new account opening. This service is attractive to all types of businesses but in particular to new funds and investment vehicles, who don’t have the AUM to attract the attention of mainstream banks.

GC Partners is one of the few specialist service providers to be granted Part IV permissions by the FCA, giving it full client money permissions. The firm is therefore able to hold and service clients’ money as well as offer white label FX and payment partnerships from its proprietary technology offering.

As well as unifying under one brand GC Partners has changed the structure of the business, making every employee a partner through an Employee Ownership Trust (EOT).  Every employee will benefit from a share of the business to ensure the continual high level of service to all clients”.

Martin Cox, CEO & Founder of GC Partners, said: “The breadth of our offering comes at a time where institution’s budgets are under increasing pressure – smaller and mid-size asset managers need reliable, bespoke and cost-effective services that give a competitive edge. We are established, agile and regulated, and offer a solution that can bypass the complexity of the mainstream banks to drive the best results for our clients.

Cox continues: “Our dedicated team deserve the recognition and reward from their hard work and with the EOT initiative we have created a sense of real ownership and reward for every employee within the company”.

Core Services include:

  • FX and Mass Payments facilitating international payments and tailored mass payment and payroll solutions, backed by tier one banks.
  • Client Money and Investment Solutions: providing cash custody and payment processing services including compliance, investor due diligence and the holding of clients’ funds.
  • Hedging Solutions: providing active and passive solutions to manage the performance of the hedge, to give clients control on hedge ratios and overall FX exposure – helping clients to navigate market risks and volatility

Andrew Fundell, Chief Commercial Officer, said: “Unifying GCEN and GCS under one brand to become GC Partners gives us the scale, infrastructure and regulatory framework to disrupt the FX and client money sector and help give smaller players access to market-leading services traditionally only accessible by bigger institutions”.