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Cambridge Mercantile Group Appoints Jason Gonsalves as Chief Financial Officer

Accomplished Leader in Finance and Technology Joins Cambridge Executive Team

TORONTO, ONTARIO -- (Marketwired) -- 06/10/14 -- Editors Note: There is a photo associated with this press release.

Cambridge Mercantile Group, a global payment and risk management solution provider, is pleased to announce the appointment of Jason Gonsalves to the position of Chief Financial Officer.

As a key member of the executive leadership team at Cambridge, Jason will oversee the firm's global finance and operations functions and, in addition, develop strategic initiatives to further position Cambridge as a leading organization within a highly competitive industry.

"Someone of Jason's caliber is a natural fit for our management team," said Bernard Heitner, Co-founder and CEO of Cambridge Mercantile Group. "With an impressive list of accomplishments under a number of top corporations and an outstanding reputation for collaboration and vision, Jason will be central to our planning as we look towards new growth opportunities."

Jason's international and domestic financial management career spans nearly two decades, during which he held a number of senior financial officer roles at major multi-national firms across varying industries including financial services, e-commerce, retail, telecommunications, manufacturing, and software publishing. His previous roles include executive leadership positions with Hudson's Bay, Gateway Payment Solutions and Allstream, to name a few. Most recently, he held the position of CFO for Technology at the Bank of Montreal.

Jason's expertise is highlighted by his extensive experience leading transformational change. He has been instrumental in the development of financial and operational controls, including a number of ERP implementations, and has led various outsourcing initiatives over the course of his career. Jason has also spearheaded negotiations with key stakeholders and navigated organizations through corporate finance transactions, including an international IPO.

Jason completed his formal education through the Rotman School of Management at the University of Toronto with Honours. He further obtained the Chartered Professional Accountant (CPA) and Certified Management Accountant (CMA) designations.

"I am excited for the opportunity to contribute towards Cambridge's success and to join such a talented leadership team," said Jason Gonsalves, Chief Financial Officer, Cambridge Mercantile Group. "This is a company with world-class operations and technology, experiencing rapid growth across the globe. I look forward to bringing my experience in finance, operations and technology to further Cambridge's excellence in Payments and Risk Management".

About Cambridge Mercantile Group

Since its inception in 1992, Cambridge Mercantile Group has grown to become a leading provider of global payments and currency risk management solutions. With more than 14,000 clients worldwide, Cambridge is among the largest bank-independent providers of hedging and risk management products, powered by technologies widely regarded as industry leading. Cambridge delivers a superior level of service to clients through extensive knowledge of foreign exchange and award-winning operational capabilities, supported by an experienced trading, account management and consultative sales team. With offices strategically located across the globe, including North America, Europe and Australia, Cambridge facilitates the secure movement of over $23 billion annually for clients. For more information, visit www.cambridgefx.com.

To view the photo associated with this press release, please visit the following link: www.marketwire.com/library/20140609-gonsalvesfull.jpg.

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