Peter Jackson appointed CEO of Travelex

Date: 13 Jan 2010

Travelex, the world’s largest foreign exchange and international payments specialist, announces the appointment of Peter Jackson as Chief Executive Officer of the Travelex Group. He will take up the role in early spring 2010.

Peter joins Travelex from Lloyds Banking Group where he is currently Managing Director of the Consumer Banking Division. Prior to his current role, he held a number of senior retail banking positions with HBOS, having started his career as a consultant with McKinsey and Company.

Announcing Peter’s appointment, Lloyd Dorfman, Chairman of Travelex, said:
“Peter is a strong leader with drive, energy and enthusiasm and an impressive track record of delivery. He will be a great addition to Travelex and I am confident that he will help us to accelerate our growth and development in 2010 and beyond.”

Commenting on his decision to join Travelex, Peter Jackson said:
“Travelex is one of the most trusted brands in international financial services. It has made good progress in 2009, despite a difficult economic climate and I am much looking forward to leading the team.”

Ends

For further information, please contact:
John Kiely - 020 7903 0667
Smithfield Consultants

Note to Editors

Peter Jackson, Career History:

About Travelex

Travelex is the world's largest foreign exchange and international payments specialist with over 700 retail branches across 30 countries at key airport, seaport, rail and tourist locations. Over 40% of travellers - 1.7 billion passengers a year travel through airports where Travelex operates including the major gateways at Amsterdam, Beijing, Frankfurt, Hong Kong, London, Mumbai, New York, Rome, Sydney & Tokyo.

Travelex is the world’s largest non-bank provider of international payments. Every year, it processes payments around the world for over 35,000 businesses to approximately 1 million beneficiaries. Travelex Global Business Payments division has operations in 13 countries with the ability to transact in over 130 different currencies. More than 750 financial institutions use Travelex as their outsourced international payment platform

Travelex is the world’s largest issuer of international pre-paid cards. Its rapidly growing Card and Mobile Payments Division has operations in 31 countries across Europe, Middle East, Africa, Australasia, North and South America, and has issued over 3.5m specialist foreign currency cards, distributed directly through Travelex Bureaux, Travel Agents and partnered Financial Institutions.