Know the Full Form of AMEX & Its History: Check Key Points Here

By Jyoti Bisht|Updated : September 14th, 2021

What is the Full Form of Meaning?  

Most banks use abbreviations of their names for business purposes. Many applicants ask what the full form of AMEX is when studying for banking exams. AMEX stands for American Express.

The American Express Company (AmEx) is an international financial services firm based at 200 Vesey Street in New York City's Battery Park City area. The firm was established in 1850 and is one of the Dow Jones Industrial Average's 30 constituents. The gladiator or centurion that appears on the company's well-known traveler's cheques, charge cards, and credit cards is the company's logo, which was introduced in 1958.

AMEX made an investment in the brokerage sector in the 1980s, acquiring Shearson Lehman Hutton in chunks and then separating them into Smith Barney Shearson & Lehman Brothers. However, neither the name Shearson nor the name Lehman existed prior to 2008.

Vision & Mission of American Express

American Express's mission is to create the finest customer experience in the globe. Their mission is to become indispensable to customers by offering unique products and services that assist them in achieving their goals. They place a premium on solid customer relationships and are judged on how well they treat them.

AmEx is a diversified and inclusive firm that caters to a wide range of clients. They believe they are a better business when all of their customers feel valued and included.

Organizational Structure of AMEX

Stephen J. Squeri is the Chairman and Chief Executive Officer of American Express Company, a worldwide payments leader and one of the most well-known corporations in the world. He has progressed the company's operating model through an enterprise-wide strategy committed to delivering viable, long-term development since being named to this role in February of 2018. He has established a culture centered on supporting customers, colleagues, and communities.

He began his career with American Express in 1985 as a manager in the Travellers Cheque Group and has since held a number of senior positions, including President of Establishment Services in the United States and Canada from 2000 to 2002 and President of the Global Commercial Card business from 2002 to 2005. In 2005, he was named Chief Information Officer of the corporation, and he also oversaw the Corporate Development division.

Name

Designation

Stephen J. Squeri

Chairman And Chief Executive Officer

Doug Buckminster

Vice-Chairman and Group President, Global Consumer Services Group

Mohammad Badi

President, Global Network Services

Thomas J. Baltimore

Director

Charlene Barshefsky

Director

John J. Brennan

Director

Peter Chernin

Director

Ralph de la Vega

Director

Michael O. Leavitt

Director

Theodore J. Leonsis

Director

Karen L. Parkhill

Director

Charles E. Phillips

Director

Lynn A. Pike

Director

Daniel L. Vasella

Director

Lisa W. Wardell

Director

Ronald A. Williams

Director

Christopher D. Young

Director

Important Details About AMEX

After memorizing the AmEx full form, candidates should keep in mind a few more important details concerning AmEx, which are listed below.

Full-Form of AmEx

American Express Bank Ltd.

Industry

Financial and Banking Services

Area covered by AmEx

Worldwide

Services Provided

Finance, Travel, Insurance

AmEx Credit - Products Offered

Charge cards, Corporate banking, Traveller’s cheque

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FAQs

  • Stephen J. Squeri is the Chairman and Chief Executive Officer of American Express

  • American Express was founded on March 18, 1850, in Buffalo, New York, United States of America. The corporation’s headquarters are in New York, United States of America.

  • AEIBARB1 is the SWIFT code for American Express Bank Ltd. 

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