Amex Bank of Canada names Howard Grosfield new Canadian President & CEO

MARKHAM, ON, May 6 /CNW/ - Amex Bank of Canada is pleased to announce the appointment of Howard Grosfield to the position of President & CEO, Amex Bank of Canada, and President and General Manager, Amex Canada Inc.

Mr. Grosfield will lead the Canadian Executive Team, provide oversight for all Amex's business in Canada and serve as Chair of the Board of Directors of Amex Bank of Canada. He will also directly manage the Company's Consumer Card and Small Business Services group, leading the Marketing, Acquisition, Product Development and Insurance areas.

Mr. Grosfield first joined American Express in 2004 as Vice President in the Strategic Planning Group based in New York before being appointed Regional Head of Marketing for Latin America, Carribbean and Canada. Most recently, he returned to his native Canada to serve as General Manager of the Small Business Services group. In this role, he was responsible for developing the Small Business growth strategy for Canada and for its expansion into other international markets.

Prior to joining American Express in New York, Mr. Grosfield was a Principal with a global consulting firm and a lawyer at a major Toronto law firm.

Mr. Grosfield takes an active role in the local community and currently serves on the Board of Directors for The Gardiner Museum in Toronto.

About American Express in Canada

American Express in Canada operates as Amex Bank of Canada and Amex Canada Inc. Both are wholly owned subsidiaries of the New York based American Express Travel Related Services Company, Inc., the largest operating unit of the American Express Company. Amex Bank of Canada is the issuer of American Express Cards in Canada. Amex Canada Inc. operates the Corporate Travel, Travel Services Network and Travellers Cheques divisions in Canada. American Express opened its first offices in Toronto and Hamilton in 1853 and now employs 3,700 Canadians coast-to-coast.

For further information: For further media information contact: Jessica Myers, American Express Canada, [phone]