Business
Olympia Financial Group Inc. Announces Strategic Reorganization of its Currency & Global Payments Division
Calgary, Alberta--(Newsfile Corp. - January 1, 2024) - Olympia Financial Group Inc. (TSX: OLY) ("...
About this update from Olympia Financial Group Inc.
[{"type":"text","content":"Olympia Financial Group Inc. Announces Strategic Reorganization of its Currency & Global Payments DivisionCalgary, Alberta--(Newsfile Corp. - January 1, 2024) - Olympia Financial Group Inc. (TSX: OLY) (\"Olympia\") is pleased to announce that commencing January 1, 2024, Olympia's Currency & Global Payments business (the \"CGP Business\") will be conducted by Olympia Currency and Global Payments Inc. (\"OCGP\"), a wholly owned subsidiary of Olympia. The CGP Business provides corporations and individuals with customized currency exchange and global payment services.Olympia's CGP business has been operated as a division of Olympia Trust Company since 2005. The decision to have OCGP conduct the CGP Business will allow it to better access and serve the Ontario market while continuing to provide services to existing customers in Western Canada.About Olympia Financial Group Inc.Olympia conducts most of its operations through its subsidiary Olympia Trust Company, a non-deposit taking trust company. Olympia Trust Company is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick, and Nova Scotia. Olympia Trust Company administers self-directed registered accounts and Corporate and Shareholder Services. Olympia also provides currency exchange and global payment services through its subsidiary Olympia Currency and Global Payments Inc., private health plan services through its subsidiary Olympia Benefits Inc., and information technology services to exempt market dealers, registrants, and issuers through its Exempt Edge division.Olympia's common shares are listed on the Toronto Stock Exchange under the symbol \"OLY\".For further information, please contact:Olympia Financial Group Inc.Rick Skauge, President and Chief Executive OfficerJennifer Urscheler, Chief Financial Officer Phone: (403) 261-0900Fax: (403) 265-1455Statements Regarding Forward-Looking InformationCertain portions of this press release as well as other public statements by Olympia contain \"forward-looking information\" within the meaning of applicable Canadian securities legislation, which is also referred to as \"forward-looking statements\", which may not be based on historical fact. Wherever possible, words such as \"will\", \"plans,\" \"expects,\" \"targets,\" \"c...