Axos Publicizes Chief Monetary Officer Transition

SAN DIEGO–(BUSINESS WIRE)–Axos Monetary, Inc. (NYSE: AX), guardian of Axos Financial institution (collectively, “Axos”), introduced at this time that the Board of Administrators of Axos has appointed Derrick Ok. Walsh as Govt Vice President, Chief Monetary Officer of Axos, efficient September 23, 2021. Mr. Walsh joined Axos in 2013 and has served as Senior Vice President and Chief Accounting Officer of Axos since 2015 and can proceed to retain principal accounting officer duties for Axos. He succeeds Andrew J. Micheletti who will proceed with Axos as Govt Vice President, Finance, performing numerous strategic and investor relations initiatives.

“I wish to thank Andy for his contributions to Axos over the previous twenty years,” stated Greg Garrabrants, President and Chief Govt Officer. “Andy has offered sturdy management and monetary experience and helped information us via an prolonged interval of constant and worthwhile development and he’ll proceed to contribute in his new capability. I’m excited to work with Derrick and construct on the sturdy basis we’ve established and propel Axos ahead within the subsequent part of our evolution.”

“I really feel extraordinarily assured that the transition can be seamless,” added Mr. Micheletti. “Derrick has been working intently with Greg, myself, the enterprise unit leaders, and the Board for a few years. Given his sturdy understanding of the monetary and regulatory reporting features and familiarity with the capital markets and investor relations dynamics, I anticipate Derrick to thrive as Axos’ new CFO.”

About Axos Monetary, Inc. and Subsidiaries

Axos Monetary, Inc. is the holding firm for Axos Financial institution, Axos Clearing LLC and Axos Make investments, Inc. Axos Financial institution is a nationwide financial institution, with roughly $14.3 billion in property, that gives shopper and enterprise banking merchandise via its low-cost distribution channels and affinity companions. Axos Clearing LLC, with roughly $41 billion of property underneath custody and/or administration, and Axos Make investments, Inc., present complete securities clearing companies to introducing broker-dealers and registered funding advisor correspondents and digital funding advisory companies to retail buyers, respectively. Axos Monetary, Inc.’s widespread inventory is listed on the NYSE underneath the image “AX” and is a part of the Russell 2000® Index, the KBW Nasdaq Monetary Know-how Index, and the S&P SmallCap 600® Index. For extra info on Axos Monetary, Inc., please go to axosfinancial.com.

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