April 24, 2017

Currency Exchange International appoints new CFO

TORONTO -- Currency Exchange International, Corp., a foreign exchange services provider, is pleased to announce the appointment of industry veteran Mr. Stephen Fitzpatrick as chief financial officer (CFO) of the Company and its subsidiary, Exchange Bank of Canada (EBC). Mr. Fitzpatrick will begin the CFO role May 8, 2017 strengthening the executive management team at an important juncture in the organization's evolution.

Mr. Fitzpatrick (CPA, CGA, MBA) brings a significant amount of financial services experience to CXI and EBC, combining financial and business perspectives in the CFO role. Most recently he was vice president, corporate services and chief financial officer at Canadian Credit Union Association where, in addition to his financial role, he was actively involved in payments strategy development, served on the boards of Interac and Concentra Bank, and led a number of credit union system risk and payments initiatives. Mr. Fitzpatrick's breadth of understanding of the financial services industry, particularly in the areas of payments and risk management, supports the organization's strategic direction and growth objectives.

"On behalf of the board of directors and management, we welcome Stephen to our organization's executive team," stated Randolph Pinna, president and chief executive officer of CXI and EBC. "We are honoured to have such an experienced and qualified individual with extensive knowledge in payments, ATM networks and banking to join our team."

I'm pleased to join CXI and EBC," commented Fitzpatrick. "It's a growing and innovative organization with a distinctive bank model driven by a strong value proposition. I am encouraged by the unique opportunities ahead of the organization and its place in the market."



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