Giant Companies Managers Include In This Crypto Money Initiative.
BlockFi has announced the hiring of former financial executives working at American Express, Bank of America and other large companies. The team will continue to offer a few extra features, as well as a suite of lending and borrowing products. American Express and Credit Suisse executives join BlockFi . This participation shows that the cryptocurrency sector continues to attract old banking capabilities to the field.
BlockFi Announces Two New Hires
BlockFi accelerated the company’s corporate growth and consumer adoption of its platform, making two new hires to its staff. Focusing on lending and borrowing, the financial services company announced today that it hired Wittney Rachlin as chief growth officer and David Olsson as global general manager of the European and Asian markets. Rachlin and Olsson join BlockFi in the seminal period of an economic volatility and active crypto interest. The duo are tasked with supporting the adoption of BlockFi’s product package for both individual and corporate customers who want to make a crypto leap.
Regarding this move, CEO and co-founder Zac Prince states:
“These people with a lot of experience and experience in the field will continue to look at alternative technologies and digital currencies to build what the next financial boundary will look like. We are excited to grow our world-class team to manage this change. ”
Bitcoin Reward Card on the Horizon
As the growth manager of BlockFi , Rachlin will be responsible for leading marketing initiatives, launching products in business development and payment. Such a product has a Bitcoin reward-oriented credit card, which is scheduled to be released this year. Having served in executive leadership positions with both Prudential Financial and American Express, Rachlin brings 20 years of financial services experience to the table.
For more than 14 years, Rachlin has continued consumer and commercial growth for American Express and increased revenue by 20% for the company’s four business cards. As a global general manager, Olsson will be responsible for expanding the corporate services of BlockFi, which oversees business development, risk management and sales strategy in the European and Asian markets.
Olsson led teams covering the major brokerage and stock derivatives at Bank of America Merrill Lynch and Credit Suisse with 20 years of experience in financial services. He most recently led a dedicated banking team at Credit Suisse, focusing on customers with ultra high net assets (UHNW) and providing portfolio advice to sophisticated investors.
Olsson uses the following statements about this transition:
“Within ten years, blockchain technology will be de facto across industries, and financial markets will not be an exception with securities and digital assets in the chain. BlockFi has been operating with zero losses since its inception and is ready to manage the market for corporate customers worldwide. “
BlockFi has announced that it has added three new directors to its team to support its business strategy and operations. Rob Margolis joins LedgerX as corporate services director, Mitch Port is hired from Kraken as its strategy and analytics director, and Dylan Stigliano, previously in Petal, joined BlockFi as director of commercial operations. The company recently announced that it brought Three Arrows Capital as a strategic investor.