August 28, 2016 2:29 PM ET

Banks

Company Overview of AMEX Bank of Canada

Company Overview

Amex Bank of Canada, a federally chartered bank, issues charge cards and credits cards. The company provides personal and corporate cards. It also offers consumer financial services products and services. The company offers private banking, RSP investment savings accounts, business investment savings accounts, term loans, and other services. Amex Bank of Canada was founded in 1990 and is based in Markham, Canada. Amex Bank of Canada operates as a subsidiary of American Express Travel Related Services Company, Inc.

101 McNabb Street

Markham, ON L3R 4H8

Canada

Founded in 1990

Phone:

905-943-1197

Fax:

905-940-7670

Key Executives for AMEX Bank of Canada

Chief Executive Officer, President, Director, President of Amex Canada Inc and General Manager of Amex Canada Inc
President of Merchant Services for Latin America, Canada & the Caribbean
President of Global Merchant Services - American Express
Age: 50
Vice President of Merchant Services Canada and General Manager of Merchant Services Canada
Compensation as of Fiscal Year 2016.

AMEX Bank of Canada Key Developments

Amex Bank of Canada Appoints Rob McClean as President & CEO of Amex Bank of Canada, and President and General Manager, Amex Canada Inc

Amex Bank of Canada announced the appointment of Rob McClean as President & CEO of Amex Bank of Canada, and President and General Manager, Amex Canada Inc. Mr. McClean takes this role after serving as Senior Vice President & General Manager of Small Business & Lending for Global Network & International Card Services. With a 21-year history at American Express, Mr. McClean brings a deep breadth of knowledge about the organization and the Canadian market to this position. He will directly lead marketing, customer acquisition and product development for the consumer payments business. Mr. McClean will also lead the Canadian Executive Team, provide oversight for all Amex's business in Canada and will continue to serve on the Board of Amex Bank of Canada.

AMEX Bank of Canada Appoints Carol Gray to its Board

American Express Canada announced the appointment of Carol Gray to the Bank Board, Amex Bank of Canada. Carol is an experienced independent Director currently serving as Chair of the Equifax Client Advisory Board and Director and Credit Committee Chair of the Ontario Infrastructure and Lands Corporation Board of Directors. More recently, she was President of Equifax Canada for 7 years.

Supreme Court Restores Credit-Card Ruling

Canada's top court has restored a Quebec trial judge's decision that penalizes several of the country's big banks for failing to meet provincial disclosure requirements when they charged currency-conversion fees to their credit card customers. Quebec's appeal court had overturned the judge's punitive damages against Amex Bank of Canada, Bank of Montreal, Citibank and National Bank while upholding punitive damages against Toronto-Dominion. But the Supreme Court of Canada restored the trial judge's decision that held all five banks should pay punitive damages for failing to disclose the currency conversion charges to their cardholders. The punitive damages amounted to $25 per affected cardholder in addition to the return of fees collected in the 2000-2003 period covered by the suit. The Supreme Court also upheld the appeal court's decision that four other banks that were named in the original class action - Royal Bank, CIBC, Scotiabank and Laurentian weren't subject to penalties or repayments because of the nature of their cardholder agreements. A separate Supreme Court ruling involving Desjardins found that it should return the foreign-exchange fees collected from its cardholders, but that punitive damages weren't warranted. The banks had argued that Quebec's Consumer Protection Act didn't apply to them because of the division between provincial and federal powers.

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