Currency Exchange International, Corp. announced that Gerhard Barnard has been appointed Group Chief Financial Officer, effective October 11, 2022. Alan Stratton, who has served as the Company's interim Group Chief Financial Officer since September 2021, will step down from this position.

Mr. Stratton will remain with the Company's subsidiary, Exchange Bank of Canada (EBC), as interim Chief Financial Officer. Mr. Barnard (CPA, CMA) is a seasoned financial executive and brings a broad background in financial planning and analysis, risk management, public company reporting, mergers and acquisitions, and investment management. He also brings in-depth experience in currency and global payments.

Most recently, and for more than fifteen years, Mr. Barnard served as Chief Financial Officer and Senior Vice President at a publicly traded financial group providing investment account services, corporate and shareholder services, and health spending accounts.