JOHNS CREEK, Ga., April 08, 2020 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries, today announces an addition to its leadership team with the appointment of Steven M. Hamil (Steve) as Executive Vice President and Global Chief Financial Officer.

Steve joins Ebix from Regions Financial Corporation where he began in 2013 as Senior Vice President and Managing Director covering the technology, media and communication and defense and government services sectors. Steve has extensive experience in banking and capital markets with NationsBanc Capital Markets (now Bank of America) and Wachovia Capital Markets (Wells Fargo).

Through his career, Steve has held senior financial and accounting leadership roles as Vice President and Controller and subsequently being appointed to Senior Vice President and Chief Accounting Officer of Movie Gallery, Inc. Steve began his career with Ernst & Young LLP while achieving his CPA.

Steve has a B.S. in Business Administration with an Accounting major from The University of Alabama, and an M.B.A. from Duke University’s Fuqua School of Business with an emphasis in Finance.

Steve will start at Ebix on April 13, 2020 and will lead the global finance and accounting team reporting to Ebix Chairman, President and CEO Robin Raina. Robert Kerris will remain with the company reporting to Mr. Hamil and will oversee Ebix’s SEC reporting and financial planning and analysis.

Ebix Chairman of the Board, President and CEO Robin Raina said, “Steve has a good understanding of Ebix and its financial strengths, since he has watched it closely as a banker for over 6 years. Steve brings a mix of financial discipline, capital markets & banking knowledge along with a hands-on leadership approach to Ebix. We are excited to have him lead our financial functions globally and also help us prepare for the next phase of organic and inorganic growth.”

Steven M. Hamil said, “Having worked closely with the Ebix management team as their lead banker for the past six plus years, I am excited to join the Ebix team to help continue prosecuting the strategy that Robin Raina and his team have so successfully been implementing. Ebix is a world-class software and services company and I look forward to being additive to the global team.”

About Ebix, Inc.

With 50+ offices across 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to provide On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries. In the Insurance sector, Ebix’s main focus is to develop and deploy a wide variety of insurance and reinsurance exchanges on an on-demand basis, while also, providing Software-as-a-Service ("SaaS") enterprise solutions in the area of CRM, front-end & back-end systems, outsourced administration and risk compliance services, around the world.

With a "Phygital” strategy that combines 320,000 physical distribution outlets in many Southeast Asian Nations (“ASEAN”) countries, to an Omni-channel online digital platform, the Company’s EbixCash Financial exchange portfolio encompasses leadership in areas of domestic & international money remittance, foreign exchange (Forex), travel, pre-paid & gift cards, utility payments, lending, wealth management etc. in India and other markets. EbixCash’s Forex operations have emerged as a leader in India’s airport Foreign Exchange business with operations in 32 international airports including Delhi, Mumbai, Bangalore, Hyderabad, Chennai and Kolkata, conducting over $4.8 billion in gross transaction value per year. EbixCash’s inward remittance business in India conducts approx. $5 billion gross annual remittance business, confirming its undisputed leadership position in India. EbixCash, through its travel portfolio of Via and Mercury, is also one of Southeast Asia’s leading travel exchanges with over 2,200+ employees, 212,450+ agent network, 25 branches and over 9,800 corporate clients; processing an estimated $2.5 billion in gross merchandise value per year.

Through its various SaaS-based software platforms, Ebix employs thousands of domain-specific technology professionals to provide products, support and consultancy to thousands of customers on six continents. For more information, visit the Company’s website at www.ebix.com