Lloyd Dorfman
| Lloyd Marshall Dorfman | |
|---|---|
| Born | 25 August 1952 |
| Residence | London |
| Nationality | British |
| Occupation | Businessman |
| Known for | Founder of Travelex |
| Spouse(s) | Sarah Dorfman |
Lloyd Marshall Dorfman (born 25 August 1952) is a British entrepreneur and philanthropist. Having founded Travelex, today known as Travelex Group, the world's largest retailer of foreign exchange. Dorfman was appointed CBE in 2008 in the Queen's Birthday Honours for services to business and charity.
Dorfman was educated at St Paul's. He did not attend university.
In 1976, Dorfman started his own currency exchange business from one small shop based in Southampton Row in central London. The company spread to ports overseas, initially in the Netherlands and Belgium. In 1986, Dorfman won Travelex a landmark contract as the first non-bank foreign exchange provider at the newly opened Heathrow Terminal 4. The company expanded into airports worldwide, opening in the USA in 1989 shortly followed by Australia in 1990.
The £440m acquisition of Thomas Cook's Global & Financial Services business in March 2001 made the Travelex Group the world's largest non-bank foreign exchange business. Dorfman began to develop the presence of the company in Asia, starting with Japan and spreading to India in 2003 and China in 2004.
Travelex sold its card programme management business to MasterCard for £290 million in 2011, and then its Global Business Payments to Western Union for £606 million. In 2014, an agreement was reached to sell Travelex to shareholders in Abu Dhabi, Dorfman however, still retains a 5% shareholding.
Travelex pioneered sponsorship deals including Travelex Cheap Ticket Season at the National Theatre, as well as sponsoring the winning World Cup teams for Australian Cricket in 2003 and England Rugby the same year.
Dorfman is chairman and majority shareholder of The Office Group, the British pioneers of co-working spaces. The Group has over 30 buildings across central London. Its clients include thousands of small businesses and start-ups as well as larger companies. In 2014, he co-founded and became chairman of Doddle, a retail business enabling people to collect, return and send their online shopping from train stations and elsewhere. Dorfman is also a lead investor and board member of the London Theatre Company.
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