Chirag Bhavsar
Chair of the Board of Currency Exchange International, Corp.

Randolph W. Pinna
President, Chief Executive Officer
Director of Currency Exchange International, Corp

Joseph August
Director of Currency Exchange International, Corp.

Carol Poulsen
Director of Currency Exchange International, Corp.

Chitwant Kohli
Director of Currency Exchange International, Corp.

Stacey Mowbray
Director of Currency Exchange International, Corp.

Mark D. Mickleborough
Director of Currency Exchange International, Corp.

V. James Sardo
Director of Currency Exchange International, Corp.

Daryl Yeo
Director of Currency Exchange International, Corp.

Chirag Bhavsar

Chair of the Board of Currency Exchange International, Corp.

Mr. Chirag Bhavsar has been with CXI since August 2012. He is also the President of JMS Holdings, LLC. Previously, Mr. Bhavsar held positions as Executive Vice President of Valley National Bank, Executive Vice President and Chief Financial Officer of CNLBank, Valley National Bank’s predecessor, a role he held since March 2002. Mr. Bhavsar was the Executive Vice President, Chief Operating Officer and Chief Financial Officer of Florida Choice Bank from April 1999 until March 2002, and Senior Audit Manager of Hacker Johnson Cohen and Grieb, a specialized accounting and auditing firm for state and regional banks, from 1992 to 1999.

Mr. Bhavsar received his Bachelor of Science in Accounting from the University of Florida in 1990 and received his Master's in accounting from the University of Florida in 1991. He graduated from banking school at the University of Virginia in 1993.


Randolph W. Pinna

President, Chief Executive Officer
Director of Currency Exchange International, Corp

Mr. Randolph W. Pinna was appointed the Chief Executive Officer, President, and Director of CXI when it began operating in October 2007. From 1989 to 2003, Mr. Pinna was President, Chief Executive Officer, and Director of Foreign Currency Exchange Corp. FCE Corp was a part of a friendly acquisition by Bank of Ireland Group in 2003 and Mr. Pinna remained in his role after the acquisition until October 2007. Mr. Pinna was responsible for the growth of Foreign Currency Exchange Corp from a small, one-location operation in Tampa Bay, Florida, to being a multinational publicly traded company on the TSX with over 30,000 customer and client bank locations.

At Bank of Ireland Group, Mr. Pinna was promoted to being Chief Executive Officer for their North American Foreign Exchange Business and was one of the five executives on Bank of Ireland’s US Supervisory committee. In this role, he was involved in all aspects of the five businesses of Bank of Ireland in North America, which included the Asset Management division in Toronto, the lending unit in Santa Monica, the Bank of Ireland branch in Connecticut, the foreign exchange business based in Florida, and the accounting unit in Delaware. In his supervisory role, he was heavily involved with all aspects of compliance with various state and federal regulators as well as the Bank of Ireland internal audit and risk management departments.

He graduated from the University of Central Florida with a bachelor's degree in finance with a focus on international business. Mr. Pinna has over 30 years of experience in international banking with an emphasis on foreign exchange.


Joseph August

Director of Currency Exchange International, Corp

Mr. Joseph August retired from the Royal Bank of Canada as Managing Director and Head of Foreign Exchange Services, North America. Mr. August was responsible for the development, marketing, delivery, and end-to-end management of foreign exchange products in the personal and business markets across Canada and the United States.

Mr. August previously led the Foreign Exchange, Trading, Payments, and Ancillary Products Group for retail and commercial banking; the Business Development-Trading Products Team in commercial banking; Treasury’s Product Management Group (foreign exchange, deposit, investment, interest rate risk management, and precious metals); managed the hedging activity of the bank’s Foreign Currency Exposure Management Committee, and headed the bank’s Foreign Currency Exposure Management Group. He has also held various positions in corporate lending, commercial marketing/cash management, and retail (branch) banking. Mr. August graduated from Widener University with a Bachelor of Science in Business Administration with a major in Economics and minors in English and Engineering.


Chitwant Kohli

Director of Currency Exchange International, Corp

Mr. Chitwant Kohli has over 30 years of experience in finance, strategic planning, operations, and real estate. Mr. Kohli recently retired as Senior Vice President of Enterprise Operations and Payments at Royal Bank of Canada (RBC) after 29 years of distinguished service. In this position, he led a group of 2,000 responsible for operating and expanding the global shared services related to payments and trade, cash processing, HR-related services, and finance-related services. Mr. Kohli co-led the digitization of cheque processing and started pilot projects using blockchain technology at RBC.

Key leadership roles at RBC included: Senior Vice President of Retail Finance where he was responsible for providing finance leadership as CFO to Canadian banking, the Caribbean and US banking, wealth management, insurance, technology and operations, and global functions. Prior to that, he held executive-level positions in costing and profitability, corporate real estate, Canadian banking finance, group optimization, and performance management. Chitwant is a Chartered Professional Accountant (CPA,CMA). He holds a Master of Business Administration and Bachelor of Commerce degrees. Chitwant is currently a board member of Trillium Health Partners. He is a past Board member of Symcor Inc, Moneris Inc, Canadian Payments Association and Ascend Canada. He has been a mentor at "Skills for Change", a United Way agency.


Carol Poulsen

Director of Currency Exchange International, Corp

Ms. Carol Poulsen is the retired Executive Vice President and CIO at The Co-operators Financial Group. In her prior role she was Senior Vice-President Group Architecture, Applied Innovation, IT Strategy and IT Operational Risk for RBC globally. Prior to that she spent eight years at TD Bank, providing the Application Development, Architecture and Large Program Management supporting the Retail, Commercial, Wealth and Insurance business areas.

Ms. Poulsen currently serves on the board of Addenda Capital. She has also served on the board of Concentra Bank. In 2018, she received one of five Global CIO Breakaway Leadership Awards from Gartner for boosting Co-operators’ competitive position in the marketplace through visionary leadership and business transformation.

Ms. Poulsen graduated from York University with a Bachelor of Arts (Hons), holds a diploma in Computer Science from Seneca College, and attended the Executive Program from the Ivy School of Business. She has also studied Board Governance at the Rotman School of Business, University of Toronto.


Stacey Mowbray

Director of Currency Exchange International, Corp

Ms. Mowbray is an experienced CEO and Board Director with a proven track record of accomplishments. She most recently held the position of President North America with WW International Inc (formerly Weight Watchers) and was a key member of the turnaround of the omnichannel health and wellness company. During her tenure from 2014 to 2019, Ms. Mowbray held progressive global positions at WW overseeing Canada, Brazil, and the Americas.

Prior to her work at WW, Ms. Mowbray held the position of President and CEO of Second Cup Limited from 2008 to 2014. Second Cup is a publicly-traded company and Canada's largest franchisor in the specialty coffee industry. She sat on the Second Cup Royalty Income Board from 2007 to 2009. In addition, from 2008 to 2013, Ms. Mowbray was Chair and Board Director for the Coffee Association of Canada.

Ms. Mowbray is currently a Board Director for Spärkel Beverage System, a Board Director for Sleep Country Canada Holdings Inc, a volunteer Board Director and Vice-Chair of the Quality Committee for Trillium Health Partners, and an Advisory Board Member at Schulich School of Business at York University. In addition, she has held volunteer Board Director positions at the LCBO, Association of Canadian Advertisers (ACA), and Kingsway College School.

Over her career, Ms. Mowbray has received numerous recognitions including Diversity Champion, Inaugural CEO in Residence, Top 100 Women's Executive Network, Top 20 Women's Post, and Outstanding Progress and Achievement Award. She holds an MBA from Schulich School of Business at York University.


Mark D. Mickleborough

Director of Currency Exchange International, Corp

Mr. Mark Mickleborough was elected as a director of Currency Exchange International, Corp. in December of 2007, and Currency Exchange International of Canada Corp. in October of 2011, which was subsequently continued as Exchange Bank of Canada in September of 2016.

Mr. Mickleborough is a member in good standing with the Law Society of Ontario, Canada and has been a practicing corporate commercial lawyer in Toronto, Canada for over 33 years. He is currently the sole proprietor of the law firm Mickleborough Lawyers which commenced operations at the beginning of 2018. Previously he was a partner with the law firm Fournie Mickleborough LLP since 2006. Prior to that, he was continuously in the private practice of corporate commercial law in Toronto, Canada since 1987.

During such period of time, Mr. Mickleborough has been a director of various private and public companies, including resource development, land development and a closed-end fund inter-listed on the Toronto and London Stock Exchanges, as well as the money service business, Foreign Currency Exchange Corp., listed on the Toronto Stock Exchange until 2002.

Previously Mr. Mickleborough graduated Magna Cum Laude from Princeton University, Princeton, New Jersey with A.B. in Economics in 1982 and Osgoode Hall Law School (York University) Toronto, Canada with a law degree in 1985.


V. James Sardo

Director of Currency Exchange International, Corp

Mr. Sardo is the Chairman and a director of Capstone Infrastructure Corporation and a director of New Flyer Industries Inc. Previous directorships include: Consolidated Thompson Iron Ore Mines Limited, Hydrogenics Corporation, Countryside Power Income Fund, UE Waterheater Income Fund, Custom Direct Income Fund, SonnenEnergy Corp, and Northstar Healthcare Inc.

From 2004 to 2005, Mr. Sardo served as interim Chief Executive Officer and a director of Royal Group Technologies. He was formerly President, Canadian Operations of Moore Corporation Limited; President and Chief Executive Officer of SMK Speedy International Inc; Chief Executive Officer of SNE Corporation; and CEO and Director of Amre Inc. He is also the former Chairman and Chief Executive Officer of Firestone Canada Inc and the President of Firestone Industrial Products Company. He is a member of the Institute of Corporate Directors and holds the ICD.D designation.


Daryl Yeo

Director of Currency Exchange International, Corp

Mr. Daryl Yeo is an experienced board director and retired senior executive with a proven track record of over 40 years in the financial services industry covering a broad spectrum of consumer and business client markets, trade finance, and treasury management.

He has also played an instrumental role in the establishment of a Schedule 1 bank in Canada with his involvement including oversight of all operational policies, establishment and implementation of an enterprise risk management framework, and implementation of internal financial controls. Since 2007, he has held the ICD.D designation.