Travelex Global Business Payments Bolsters Global Executive Management Team To Support Its Growth In North America

Date: January 5, 2010

Travelex, the world’s largest non-bank provider of international payments and foreign exchange solutions, today announces two new additions to the global senior management team, to support the 2010 growth strategy.

Travelex, ranked by the internationally recognized consulting firm TowerGroup as No. 3 globally for innovation in payments particularly in the SME market has committed to an aggressive growth plan worldwide and in particular increasing its operations in North America, France and Japan.

To support the growth strategy, David Sear, Divisional MD, has made two key appointments:

Vanessa Murden has been appointed executive vice president for global operations and has full responsibility for operations worldwide to ensure customer service excellence and delivery for all international and domestic payment solutions. Prior to this role, Ms. Murden served as the global product development director for Travelex’s Outsourcing business where she was instrumental in launching the pre paid card product.

In addition, Jayne Oates joined the global team as the human resources director. In this capacity, she will lead the human resources team worldwide, spearheading all company training initiatives and championing Travelex’s web-based tools for knowledge sharing, learning and performance management. Ms. Oates has previously worked with leading firms such as Wirecard Payment Solutions, WorldPay and Equifax.

“It is truly an exciting time for Travelex Global Business Payments and, as we continue to expand our footprint here in North America and globally. I am excited to have Vanessa and Jayne in such key roles,” said David Sear, divisional managing director, Travelex Global Business Payments. “We currently have operations in 13 different countries across North America, Europe, Africa and Asia Pacific and are expanding into new markets.”

Ms. Murden is based in the HQ offices in Washington, D.C. and Ms. Oates is based in the London offices.

Ends

Media enquiries

Jessica Buttress
Head of PR for Travelex Global Business Payments UK
0208 415 4204
077954 497129
Jessica.buttress@travelex.com

Notes to editors
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About Travelex
Founded in 1976, Travelex is the world’s largest non-bank foreign exchange and payments specialist; with operations across four continents and 6,000 employees worldwide.

Travelex holds key positions in its three main areas of activity: Global Business Payments (TGBP, which includes Travelex Personal Payments), Currency Services and Card and Mobile Payments. Every year, more than 35,000 corporate clients and 30 million customers trust Travelex to manage their foreign exchange requirements.

Recently recognised by TowerGroup research as Industry Leader for payments innovation for SMEs, Travelex currently handles international payments worth £40 billion annually for over 750 large corporate and financial institutions.

Visit www.travelexbusiness.com/uk for more information or email the press office at jessica.buttress@travelex.com