Mr. Joseph August retired from the Royal Bank of Canada (2009) as Managing Director and Head of Foreign Exchange Services, North America. Mr. August was responsible for the development, marketing, delivery and end-to-end management of foreign exchange products in the personal and business markets across Canada and the United States. Mr. August previously led the Foreign Exchange, Trading, Payments and Ancillary Products Group for Retail and Commercial Banking; the Business Development – Trading Products Team in Commercial Banking; Treasury’s Product Management Group (foreign exchange, deposit, investment, interest rate risk management and precious metals); managed the hedging activity of the Bank’s Foreign Currency Exposure Management Committee; and headed the Bank’s Foreign Currency Exposure Management Group. He has also held various positions in Corporate Lending; Commercial Marketing – Cash Management; and Retail (Branch) Banking. Mr. August is also a director of CXI.

Mr. August graduated from Widener University with a BSc in Business Administration with a Major in Economics and Minors in English and Engineering.