Travelex: the one-stop currency shop

There’s more to Travelex than just retail foreign exchange. Navroz Patel interviews chief financial officer Clive Kahn about the company’s evolving business and treasury risk management

If you’ve changed currency at an airport recently, whether it was in Auckland, Alaska or anywhere in between, the chances are you’ve been a customer of Travelex – the world’s largest retail foreign exchange operator. “The business most people associate us with is retail: buying and selling travel money,” says Clive Kahn, its London-based chief financial officer. This perception is understandable; after all, around 1 billion international passengers each year pass through airports