'Our clients are looking for clarity and guidance': Centtrip launches Brexit desk

'Our clients are looking for clarity and guidance': Centtrip launches Brexit desk

Centtrip, the international payments and foreign-exchange specialist, has launched a dedicated Brexit desk.

It will help touring artists, promoters, distributors and the wider music industry plan for further uncertainty and avoid future risks, unnecessary costs and disruption.

Centtrip’s specialist team will be able to evaluate Brexit’s impact and devise an efficient foreign-exchange strategy to minimise the impact of changing currency rates.

Its specialist division focusing on the music and entertainment industry was launched in 2016 to maximise foreign income and minimise payment and international touring costs. The company now manages foreign income, expenditure, international payments and more complex treasury for more than 400 international artists.

Simon Liddell, director of the music and entertainment division at Centtrip, said: “Brexit is the biggest political event of a generation and its aftermath may have big financial implications for touring artists and promoters paying talent overseas. 

“As politicians continue to float various scenarios, our clients in the music and entertainment sector are looking for clarity and guidance as this summer may become a chilling reality for the industry,” Simon added. “It is important that they understand they have the power to make important financial decisions now to pre-empt the effects of Brexit.”

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