Executive Change: The Receivables Exchange Lands PNC Bank Veteran as COO

The Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivable, today announced that it has named Curt Queyrouze as Chief Operations Officer. Mr. Queyrouze is widely regarded as an expert in financial operations with a specialty in portfolio, credit and risk management. As COO, he will be responsible for all aspects of delivering on the flow through of the Exchange’s financial transaction, including set-up, execution and settlement of trades.

Mr. Queyrouze brings more than two decades of experience in the banking and financial services industry to his role at The Receivables Exchange. In particular, he will draw on his 12 years of experience at PNC Bank, where he most recently served as Division Credit Executive Senior Vice President, supporting the asset-based lending division of PNC Business Credit. In that role he was responsible for all credit approvals, policy adherence and determination and maintenance of credit quality standards for the bank’s Western Division offices in Dallas, Chicago and Los Angeles.

“Curt is an industry heavyweight and one of the country’s top talents in banking and finance operations,” said Justin Brownhill, co-founder and chief executive officer of The Receivables Exchange. “We couldn’t be more thrilled to have someone of his caliber and proven track record join our team. His expertise will help him to drive efficiencies within the company and create a superior transactional experience for customers.”

Over the past 25 years, Mr. Queyrouze has held various sales and portfolio management positions in corporate banking, asset based lending, middle market lending, real estate lending and oil and gas finance. He began his commercial lending career at Chase Bank in Dallas in 1983. In addition, he has held executive positions at four other financial institutions of various asset sizes.

“The Receivables Exchange is redefining an industry and revolutionizing the way small and medium sized companies gain access to working capital,” said Mr. Queyrouze. “The chance to be a part of creating an entirely new capital marketplace combined with the company’s dedication to creating an exceptional transactional user experience, made the opportunity too good to pass up.”

The Receivables Exchange’s proprietary online electronic marketplace will bring together a global network of accredited capital providers with millions of growth-oriented small and medium sized businesses in search of capital. In today’s volatile credit markets, accounts receivable financing is a great tool for small and mid-sized businesses to gain quick access to alternative and flexible working capital solutions that can help them grow their businesses.

The Receivables Exchange (www.receivablesXchange.com) is the world’s first online marketplace for real time trading of accounts receivable. The Receivables Exchange provides a new dimension in working capital management by connecting companies to a global network of accredited capital providers who compete in real time to buy and trade receivables. Exchange participants benefit from immediate and flexible access to working capital finance at the most competitive rates. The Receivables Exchange is a fast and efficient way to manage working capital at a fraction of traditional financing costs. The Receivables Exchange has secured financing from Prism VentureWorks and Fidelity Ventures, the venture capital arm of Fidelity Investments. The Exchange’s trading platform is based on the New York Stock Exchange’s (NYSE) bond trading platform.