Custom House Global Foreign Exchange

Ciceri Leading Custom House to Global Market Dominance

    Victoria, British Columbia (ots/PRNewswire) - Peter Gustavson, FCA, Chief Executive Officer of Custom House, the largest non-bank foreign exchange company in North America and one of the largest in the world, is pleased to announce the appointment of Peter Ciceri to the new position of President.

    "We have enjoyed amazing growth over the past number of years and have some very exciting opportunities around the corner. We are constantly assessing our organizational structure to ensure that it is evolving to meet the requirements of this growth. In the past, I have occupied both the CEO and President positions. Given the exciting challenges ahead, I have decided that this is the appropriate time to split the two roles," said Mr. Gustavson, who founded the company in 1992 with one office and three employees. "It is extremely fortunate for Custom House to have found someone of Peter's experience, drive, personality and fit."

    "I am very excited about joining Peter Gustavson and his team," said Peter Ciceri. "With strong management, solid revenue year over year and an enviable business model in an international growth market, Custom House is well-positioned to become the world's preeminent foreign exchange company."

    For the past few years, Ciceri has managed his own private practice coaching and counselling CEOs, management consulting, and serving on various Boards, including Lead Director and Chairman of Sierra Wireless Inc. As President and Managing Director of Compaq Canada Inc., from 1997 through 2000, Ciceri's responsibilities included all financial operations and strategy. During his tenure, Compaq's revenue grew from CDN$1.1B to CDN$1.8B. He grew the business each year and successfully managed the merger of Tandem and Digital into Compaq, one of the largest corporate mergers in Canada.

    A seasoned global executive, Ciceri, BA (Economics), MA, (Counselling Psychology), has work experience in North America, Europe and Asia Pacific, lived in Hong Kong and Tokyo for ten years, served as Managing Director for Tandem Computers Asia Pacific Ltd.; Regional Director, Channel & Distributor Operations for Hewlett-Packard Asia Pacific Ltd.; and Director of Product Marketing for Nihon Unisys in Tokyo. He was named one of the National Post's Top 100 Business Elite for Canada in 1999 and was awarded the University of Victoria's Alumni of the Year in 2000 for business achievement. He is a member of the Institute of Corporate Directors and a popular speaker and lecturer on business leadership, change management, corporate governance and international business. Peter sits on the boards of Sierra Wireless, AERS Inc, the University of Victoria, Progressive Solutions Inc., the Premier's Technology Council of BC and is a former director of Compaq Canada Inc., MDSI Inc., and VisualSonics Inc.

    Business leaders and Fortune 500 companies worldwide trust Custom House with its secure, award-winning foreign exchange services. Over 50,000 clients transact more than USD$15 billion annually, on-line and through the Custom House network of trading offices in Australia, Canada, Italy, New Zealand, Singapore, the United Kingdom and the United States. The Official Foreign Exchange Provider of the PGA TOUR

ots Originaltext: Custom House Global Foreign Exchange
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